T+1 Settlement

At DTCC Consulting, we’re helping firms navigate the complex challenges of accelerated settlement, transitioning to T+1 across global markets.
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T+1 Settlement

The Race for Faster Settlement Cycles Is On

Following the successful implementation of T+1 in the U.S., Europe will move to T+1 settlement in October 2027, while APAC markets are evaluating a potential move to T+1. This represents a major step forward in modernizing global financial markets.

The move to T+1 represents more than a regulatory milestone; by shortening the settlement cycle, markets can improve capital efficiency, reduce counterparty risk and strengthen operational resilience.

Careful planning, collaboration and robust testing are critical to ensure a smooth transition to T+1 across global financial markets. DTCC Consulting provides the guidance and implementation support firms need to navigate T+1 with confidence and realize the benefits of accelerated settlement.

How We Can Help

Navigating Market Complexity

Complex and interconnected financial markets make the transition to T+1 particularly challenging, requiring careful coordination and alignment across jurisdictions, infrastructures, counterparties and operating models.

Upgrading Technology and Automating Manual Processes

Market participants, particularly those with legacy systems, may need to invest in technology upgrades and process automation to reduce manual intervention and meet the demands of a compressed T+1 settlement cycle.

Target Operating Model

T+1 requires firms to reassess their operating models and ensure effective support across markets and time zones. Those relying on manual processes or fragmented infrastructure face increased risk of settlement failures, operational inefficiencies and potential penalties under local regulatory regimes.

T+1 in Europe: De-Risking the Transition

To coincide with the release of the UK and EU T+1 Test Strategy, we hosted an interactive webinar exploring practical steps firms should be taking now to de-risk the transition.

 

Industry experts from Citi, Euroclear, DTCC and DTCC Consulting discuss how to go about it, before dependencies turn into delays.

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Why DTCC Consulting?

We Put Our Clients’ Needs at the Center of Everything We Do

Our goal with every engagement is to build trust and loyalty, providing value at every step and truly understanding the client’s goals and pain points.

We’re a Trusted Partner and Strategic Advisor for Our Clients and the Industry

DTCC Consulting was established to complement the pivotal role that DTCC plays in the global financial services industry. Our team brings decades of unmatched post-trade experience and expertise.

We Have a Unique View Across the Financial Landscape

No external firm knows DTCC products and the complexities of back-office infrastructure better than our own consulting arm, which enables us to offer proprietary market insights, industry benchmarking and peer analysis.

We Know Our Data

Leveraging proprietary DTCC data and market insights, our consultants help clients reduce costs, improve operational efficiency, increase accuracy and strengthen risk management.

We’re Deliberately Tech-Agnostic

This can sometimes even mean recommending third-party solutions other than DTCC. We leverage our relationships and expertise to provide front-to-back consulting, utilizing our diagnostic, design and delivery approach.

We Help Firms of All Sizes

We support all parts of the financial markets and post-trade ecosystem; this includes leading operations teams within investment banks, asset managers and financial market infrastructure, covering both regulatory reporting and securities services.

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