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The operational, IT and related requirements for the T+2 move will come via an industry paper, says John Abel, vice president with the DTCC.
John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups...
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