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Shortening the Settlement Cycle to T+1

About the Effort

The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are collaborating on efforts to accelerate the U.S. securities settlement cycle from T+2 to T+1.

On February 15, 2023, the SEC adopted final requirements for a May 28, 2024, implementation date for the move to T+1 settlement for transactions in US cash equities, corporate debt, and unit investment trusts.

The T+1 Playbook, T+1 Test Approach, and other updated T+1 documentation provide a detailed approach to identifying the potential impacts, implementation activities, timelines, dependencies, and risk impacts that market participants should consider in order to successfully prepare for the transition to a T+1 Settlement Cycle on May 28, 2024.


Accelerating to T+1 Events

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Updated Testing document

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Learn About the Steering Committee and Working Groups

T+1 Industry Playbook

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Frequently Asked Questions

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Read Related Press Releases & Connection Articles

Settlement By the Numbers

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