Shortening the settlement cycle will reduce the depository collateral requirements and it will also generate other significant risk reductions, as well as free up capital for other business needs and increase overall operational efficiency.
How can you know if your organization is ready? Market participants can start preparing by assessing these general areas:
- Impact on technology infrastructure and operational processing
- Impact on balance sheet and revenue streams
- Organizational preparedness
Are you ready to eliminate a full day from your settlement process? Broadridge can help you navigate the move to T+1 and prepare for next.