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DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank

DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank of Canada or account at J.P. Morgan Chase.

Source: https://www.dtcc.com/-/media/Files/pdf/2023/5/15/18526-23.pdf

Is Bank of Montreal (BMO) okay?

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