T+2 Test Approach: DTCC’s High-Level Testing Framework
The financial services industry, in coordination with regulators, is planning to shorten the settlement
cycle for equities, corporate bonds, municipal bonds, unit investment trusts, and financial instruments
comprised of these security types (e.g. ADRs, ETFs), from the current trade date plus three business
days (T+3) to trade date plus two business days (T+2) on September 5, 2017.
For those firms that opt to participate in industrywide T+2 testing, this document specifically outlines the testing
requirements from NSCC, DTC and Omgeo for impacted organizations and instruments.
The testing assumptions, what is in or out of scope, and other details are provided in this document to help firms develop
their own test plans and assess preparedness for a shortened settlement cycle.
To view the complete white paper, please click here.