The push for a shorter settlement cycle got a quiet boost from the SEC late last month when the regulator formally proposed a rule amendment urging the settlement cycle for most securities transactions change from three business days after the trade date (T+3) to two business days after the trade date (T+2). A key group… Read More >>
Steering Committee Sets Date for T+2 Changeover
U.S. markets now have a September 2017 date to work toward for the move from the current settlement cycle of trade date plus three days (T+3) to a two-day cycle (T+2) because of a recommendation from the T+2 Industry Steering Committee (T+2 ISC), which is guiding the transition. At the same time, officials at the… Read More >>
