T+1 – Industry T+1: Shortening the Settlement Cycle (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 in the first half of 2024.
Working closely with members and other key stakeholders, the organizations are outlining key steps to shorten the cycle for secondary market transactions, identifying priority issues that need to be addressed and conducting the necessary due diligence and resolution of these critical issues.
The new T+1 Playbook and other updated T+1 documentation on this site outlines a detailed approach to identifying the potential impacts, implementation activities, implementation timelines, dependencies, and risk impacts, that market participants should consider in order to prepare for the impending transition to a T+1 Settlement Cycle.
Register for Accelerating to T+1 Events here: