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In a FTF News Q&A, Ryan Burns, the head of relationship management, North America, for global fund services at Northern Trust, takes questions about the industry’s move to a T+ 2, shorter settlement cycle.
(Editor’s note: On September 5, after what was likely a marathon transition over the Labor Day weekend, the U.S. securities industry shortened the securities settlement cycle from three business days, known as T+3, to a settlement cycle of two business days, or T+2. This overhaul followed years of preparation, and was carried out by key...
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