Documentation

 

The current T+2 settlement cycle is a convention of market practice and shortening that period as regular-way for all market participants will require industry coordination, similar to the change in 2017 from T+3 to T+2. DTCC is prepared to move quickly to accelerate the settlement cycle to T+1 and beyond and has already implemented several key operational enhancements that lay the foundation for this change. To become an active part of this industry conversation, please contact us at [email protected].

Videos & Webinars

• April 10, 2024 – T+1 Industry Briefing: 50 Days to Transition - The Last Mile Webinar Recording
• November 7,2023 – SIFMA/CLS Webinar – note the video is secured,
  please enter Passcode: AKg1sR*k
• October 27, 2023 – SIFMA/TMX Recall Webinar – note the video is secured,
  please enter Passcode: *Ma1?2fZ
• September 21, 2023 – SIFMA 15c6-2 and IA 204 Webinar – note the video is secured,
  please enter Passcode: !3tKuTdn
• DTC ITP SIFMA Update Deck
• T+1 SEC Rule 15c6-2 & IA 204 Deck
• August 8, 2023 – T+1 SIFMA-ISDA Webinar – note the video is secured,
  please enter Passcode: Zk*0*aua
• SIFMA-ISDA Webinar Agenda (PDF)
• SIFMA-ISDA T+1 Settlement Cycle Webinar Questions (PDF)
• August 2, 2023 – DTCC T1 IWG Testing Session – note the video is secured,
  please enter Passcode: PY9tH0H$
• July 19, 2023 – SIFMA DTCC T+1 Testing Information Session Replay – note the video is secured,
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• June 14, 2023 – DTCC T1 IWG Testing Session – note the video is secured,
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• May 17, 2023 – DTCC T1 IWG Testing Session
• May 9, 2023 – SIFMA - Securities Lending Vendor Webinar
  Presentations: FIS, Purim, EquiLend
• April 19, 2023 – DTCC T1 IWG Testing Session  – note the video is secured,
  please enter Passcode: *@1S!&gy
• March 1, 2023 – SIFMA & DTCC Webinar – Final Rules – note the video is secured,
  please enter Passcode: sifma-t1&wg
• November 29, 2022 – DTCC T1 IWG Testing Session – note the video is secured,
  please enter Passcode: 1JWxb.US
• November 16, 2022 – DTCC T1 IWG Testing Session – note the video is secured,
  please enter Passcode: uxb!8+7i
• November 15, 2022 – DTCC T1 IWG Testing Session – note the video is secured,
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Documentation

• April 22, 2024 – T+1 Corporate Actions Testing Events - Cycle 19 (PDF)
• April 16, 2024 – Accelerated Settlement (T+1) – DTC, NSCC AND ITP FUNCTIONAL CHANGES – This document from DTCC, originally issued in Aug 2022, outlines the systems and processing changes required to move to a one-day settlement cycle for DTCC subsidiaries — Institutional Trade Processing (ITP), National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC).
• April 10, 2024 – T+1 Industry Briefing: 50 Days to Transition - The Last Mile Presentation
• April 9, 2024 – T+1 Corporate Actions Testing Events - Cycle 18 (PDF)
• March 21, 2024 – T+1 Corporate Actions Testing Events - Cycle 17 (PDF)
• March 20, 2024 – T+1 Conversion Guide
• March 19, 2024 – T+1 Corporate Actions Testing Events - Cycle 16 (PDF)
• March 15, 2024 – Accelerating Settlement FX Considerations White Paper
• March 5, 2024 – Accelerated Settlement (T+1) – DTC, NSCC AND ITP FUNCTIONAL CHANGES – This document from DTCC, originally issued in Aug 2022, outlines the systems and processing changes required to move to a one-day settlement cycle for DTCC subsidiaries — Institutional Trade Processing (ITP), National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC).
• March 5, 2024 – Accelerated Settlement (T+1) – DTC, NSCC AND ITP FUNCTIONAL CHANGES – This document from DTCC, originally issued in Aug 2022, outlines the systems and processing changes required to move to a one-day settlement cycle for DTCC subsidiaries — Institutional Trade Processing (ITP), National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC).
• March 4, 2024 – Foreign Securities Voluntary Recommendations
• March 4, 2024 – Foreign Securities FAQ
• February 21, 2024 – T+1 Corporate Actions Testing Events - Cycle 15 (PDF)
• February 9, 2024 – SIFMA, ICI, DTCC - T+1 Corporate Action Notice (PDF)
• February 9, 2024 – T+1 Corporate Actions Testing Events - Cycle 14 (PDF)
• February 9, 2024 – NASDAQ T+1 Corporate Action Issuer Alert
• February 6, 2024 – ETF T+1 Client Business Requirements (PDF)
• February 6, 2024 – ETF T+0 Client Business Requirements (PDF)
• February 6, 2024 – ETF T+0 Timeline
• February 2, 2024 – DTCC T+1 Test Approach: Detailed Testing Framework (PDF)
• January 31, 2024 – T+1 Affirmation Report (PDF)
• January 26, 2024 – T+1 Corporate Actions Testing Events - Cycle 13 (PDF)
• January 12, 2024 – T+1 Corporate Actions Testing Events - Cycle 12 (PDF)
• January 9, 2024 – DTCC T+1 Test Approach: Detailed Testing Framework (PDF)
• January 9, 2024 – T+1 Settlement Timelines
• January 9, 2024 – CLS Webinar FAQ
• January 8, 2024 – T+1 Product List (PDF)
• December 27, 2023 – T+1 Corporate Actions Testing Events - Cycle 11 (PDF)
• December 13, 2023 – T+1 Corporate Actions Testing Events - Cycle 10 (PDF)
• December 8, 2023 – FXPA Buy Side Guidance in Preparation for T+1 Settlement November 2023
• December 1, 2023 – T+1 Corporate Actions Testing Events - Cycle 9 (PDF)
• November 28, 2023 – DTCC T+1 Test Approach: Detailed Testing Framework (PDF)
• November 28, 2023 – Test CUSIPs for T1 v5 112823
• November 14, 2023 – T+1 Corporate Actions Testing Events - Cycle 8 (PDF)
• November 6, 2023 – T+1 Corporate Actions Testing Events - Cycle 7 (PDF)
• November 6, 2023 – DTCC T+1 Test Approach: Detailed Testing Framework (PDF)
• October 27, 2023 – T+1 in Canada - Recall Hub for Securities Lending, TMX and Vendor presentation
• October 17, 2023 – T+1 Corporate Actions Testing Events - Cycle 6 (PDF)
• October 5, 2023 – T+1 Corporate Actions Testing Events - Cycle 5 (PDF)
• October 5, 2023 – T+1 Corporate Actions Testing Events - Cycle 4 (PDF)
• September 8, 2023 – T+1 Corporate Actions Testing Events - Cycle 3 (PDF)
• August 25, 2023 – T+1 Corporate Actions Testing Events - Cycle 2 (PDF)
• August 24, 2023 – Test CUSIPs for T1 v4 82423 (PDF)
• August 11, 2023 – Test CUSIPS for T1 v3 892023
• August 8, 2023 – T1 Application Refresh (PDF)
• August 8, 2023 – T1 Corporate Actions Testing Events Cycle 1 (PDF)
• July 21, 2023 – Test CUSIPs for T+1 Industry Testing (PDF)
• July 17, 2023 – T+1 FAQs for Mutual Funds
• July 17, 2023 – CCV: Mexico T+1 Proposal Announcement for Market Participants
• July 11, 2023 – Contraparte Contral de Valores (CCV) – Announcement to Market Participants (PDF)
• June 29, 2023 – TradeSuite ID T+1 Changes (PDF)
• April 26, 2023 – T+1 Impacted Product Scope (PDF)
• April 19, 2023 –  Industry Call: T+1 Testing & Integration (PDF)
• March 16, 2023 – T1 Net Reason Codes – this document provides a table of the net reason codes that can be reported on the Consolidated Trade Summary (CTS) output for T1.
• March 14, 2023 – CCMA Announces Canadian T+1 Start Date: Monday, May 27, 2024 (PDF)
• March 1, 2023 – T1 - Timing of RAD Messages for PDQ Passive and Active (PDF)
• November 16, 2022 – US T+1 Detailed Testing Plan – Asset Services Corporate Actions Testing Overview (PDF)
• November 16, 2022 – Real -Time (RT) Balance Order Message (PDF)
• November 10, 2022 – Shortened Settlement T1 CNS Midday Projection CSV Layout (PDF)
• November 10, 2022 – Shortened Settlement T1 – CNS Projection (Midday): AutoRoute ID 02042358
• October 18, 2022 – T1 Net Reason Codes – this document provides a table of the net reason codes that can be reported on the Consolidated Trade Summary (CTS) output for T1.
• August 10, 2022 – DTCC T+1 Test Approach – this paper from DTCC should be used by members and clients of these entities to begin aligning their test systems with NSCC, DTC and ITP to prepare for industrywide testing.
• July 2022 –  Mutual Fund Trade Correction Processing in  T+1 Environment
• December 1, 2021 – Accelerating the U.S. Securities Settlement Cycle to T+1 – The purpose of this executive summary report is to document the work conducted by these collective groups and present recommendations required to be undertaken by the financial services industry to accelerate the U.S. settlement cycle to T+1.
• September 2021 – Enhancing the U.S. Equities Settlement System – In this white paper, DTCC reviews the progress made on the path to a shortened settlement cycle and the vision of a settlement system of the future. The Project Ion platform underlines DTCC’s commitment to innovation, leveraging distributed ledger technology (DLT) to build an alternative settlement process with next-gen capabilities.
• Feb 2021 – Advancing Together: Leading the Industry to Accelerated Settlement – this white paper outlines a two-year industry roadmap for shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1).
• Reducing Risk in Clearance and Settlement – a factsheet from the US Securities and Exchange Commission (SEC)

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