16 April 2024 - The deadline to the T+1 settlement cycle change is now fast approaching, with just a month to go until the switch which takes place on May 28th for the US, and on May 27th for Canada and Mexico, which are aligned with the US. The decision by the respective regulator...
(T+1) (15c6-1(a)). Additionally, security-based swaps are now excluded from the settlement cycle requirements under Rule 15c6-1(a) (15c6-1(b)). Lastly, the settlement cycle for firm commitment underwritten offerings for securities that are priced after 4:30 p.m. ET was shortened ...
New “T+1” Settlement Cycle – What Investors Need To Know: Investor Bulletin https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor
T+1 Settlement: An Explanation This blog will aid in gaining a better understanding of the T+1 settlement cycle before its implementation on January 27, 2023. TheT+1 settlement cyclewill come into effect onJanuary 27, 2023, at theNSEandBSEstock exchanges in India. This means that any trans...
Reports on the difficulties in achieving shorter settlement cycles for securities. Insights from the conference sponsored by the Industry Standardization for Institutional Trade Communication; Includes institutional trade mat...
“The U.S. transition to a T+1 settlement cycle is only two weeks away, and DTCC continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus on increasing operational efficiencies, completing testing...
The SEC adopted the rule to shorten the settlement cycle to T+1, effective May 28, 2024, for all U.S. securities transactions that settle through DTC. Canada has adopted a parallel rule covering their markets, however, given the three-day Memorial Day holiday in the United States, Canadian...
As global markets prepare to shorten their settlement cycles, particularly with the upcoming transition of North American markets to T+1, buy-side firms are facing new challenges in managing trade fails. The transition to accelerated settlement cycles promises enhanced efficiency and reduced risk, but...
exempted or excluded from the standard settlement cycle. However, the adopted amendment will for the first time completely exclude security-based swaps from the settlement cycle requirement under Rule 15c6-1, noting the innate differences between securities-based swaps from other securities transactions....
With less than seven months to go before the US is mandated to shift to a shorter settlement cycle next May, the clock is ticking on T+1.