CN Announcement


April 27th, 2016

To all GIC Agents

Re:  Client Name GIC’s issued by The Bank of Nova Scotia, Hollis Canadian Bank, Montreal Trust Company of Canada, National Trust Company and Scotia Mortgage Corporation (“Scotia GICs”)

This notice is to advise you that effective April 27th, 2016; Scotiabank Advisor Deposit Services will no longer be accepting purchases for client name deposits or renewing existing GIC client name deposits that mature.

We will honor all orders for which deposits are received by close of business Thursday April 28th, 2016.

We will continue to service all existing Scotia GIC’s until maturity without interruption. Registered deposits that have matured will be maintained in cash until transfer instructions are received from the broker of record.

We thank you for your ongoing support and past business.  Should you have any questions regarding this change, please contact one of our Customer Service and Support Representatives at 1-800-268-8661 or 416-933-3200.




Scotiabank Advisor Deposit Services