The inevitable shift from T+2 to T+1 in the U.S. will bring significant challenges across the global securities services industry, including operational risks, funding implications and external dependencies. Citi held a virtual event with DTCC to understand how this shift will impact APAC-based firms. The discussion provides a status update as well as the impact of T+1 on current post-trade operations and processes.
Reviewing The Playbook: A Detailed Plan for T+1 Implementation
John Abel, DTCC Executive Director, Clearance and Settlement, Product Management, and David Kirby, DTCC Executive Director, Americas Relationship Management & Global Account Management, joined moderator Phillip Van Dine, Citi Head of Banks & Market Infrastructure Client Coverage, APAC, and Michele Pitts, Citi Head of Securities Services, United States, and Head of U.S. Custody Product Management to provide insight on T+1 as it relates to the APAC markets.