Corporate Actions solution for T+1

In a rapidly evolving financial landscape, understanding the shift towards shorter settlement cycles is crucial. Hear what our experts have to say about this pivotal topic as they explore the impacts, trends, and the future trajectory of settlement practices worldwide.

The acceleration of settlement cycles from T+2 to T+1 poses significant operational challenges for fund managers in the North American securities market. The reduced settlement timeframe presents the need for firms to update their systems and processes to avoid settlement failures. Limiting the risk of settlement failures comes down to completing three tasks – ensuring accurate input of data into all systems, communicating updates in real-time, and making corrections as quickly as possible.

With the announcement of a May 28, 2024 deadline for the implementation of T+1 in the US equity market, participants - both domestic and international - have been looking seriously at the implications for their own operations. The sense of urgency varies, however, both along the transaction chain and across borders.

With the implementation date of T+1 in the United States and Canada now clarified, market participants must plan how to adjust their operations, processes, and technology for May 28th, 2024. This is a significant process, regardless of the size of the firms. There are many unanswered questions, but now is the time to prepare.

Listen to what industry experts have to say about the implications of T+1 Settlement on the global securities market in our ‘Time to Settle Podcast Series’, a three-part series developed with Global Custodian to address key challenges and raise awareness about best practices and solutions to help firms meet the new regulatory requirements.