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White Paper

T+2 Readiness Assessment

The settlement period for in-scope securities traded on the secondary market in the US & Canada will be shortened. Is your end-to-end solution T+2 ready?

Is your end-to-end solution T+2 ready?

The settlement period for in-scope securities traded on the secondary market in the US and Canadian markets is currently trade date +3 business days. Come September 5, 2017 this period will be shortened to trade date + 2 business days.

This change is being made in order to:

  • Reduce counterparty risk between trade execution and settlement
  • Reduction in liquidity requirements for NSCC
  • Settlement harmonization in global markets
  • Reduction in pro-cyclical margin demands