On May 27th 2024, Canada will be the first North American market to move to trade-date-plus-one (T+1) settlement cycles for Canadian securities. On May 28th the USA will follow. These shifts will have a profound impact on investors and their service providers around the world – most of all in Asia. Faced with time differences of up to 14 hours, Asian investors today will have no choice but to complete all of their processing for North American trades on trade-date – so that all trades are fully funded, matched and ready to settle before the end of the Asian trading day. This acceleration of processing will have impacts across the entire front-, middle- and back-office operations of Asian investors – and will demand significant preparation and change over the coming months.

With only a few months to go until the transition to T+1, only 25% of Asian investors are even preparing for T+1 – with little signs of growing activity to come.

The ValueExchange and Broadridge recently led a round-table discussion of leading experts from the Asian securities and investments industry – to seek and share views on the impact of the T+1 transition to them. Read more on how Broadridge clients in Hong Kong are preparing for T+1 and what needs to be prioritized in the coming months to get ready.