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.
Their report, Accelerating the U.S. Securities Settlement Cycle to T+1, provides firms with a roadmap for shortening the settlement cycle, including considerations, recommendations, and next steps for moving to T+1. Shortening the settlement cycle will reduce risks and costs for the industry while building upon the benefits achieved in the successful move to T+2 in 2017.
Register for Accelerating to T+1 Events here: