Firms have already paved a clear route to satisfying client demands and complying with trading activity regulations, including the standard two-day (T+2) settlement cycle. But the Depository Trust & Clearing Corporation is recommending that firms adopt a one-day settlement cycle (T+1) for U.S. trading activities by the first half of 2024.
How can you prepare to navigate the changes?
Is T+1 positive for financial services?
What needs to change at your firm?
T+1 will have far-reaching impacts on your trade financing, technology infrastructure, and operational processes. To alter course in a way that benefits your firm, the following processes may need additional investment or attention.
7 key questions to determine your firm’s readiness
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