How are global changes in settlement cycles impacting Asia’s back offices? With a significant majority of global transactions now (or soon to be) needing trade-date processing, how are Asian operations teams and platforms coping with increasing time pressures and spiralling risks?
Whether driven by domestic market considerations or increasing dislocation risks, there is a strong expectation that the majority of the world’s equity flows will settle on a T+1 basis in the next ten years.
With 80% of global equity markets likely to be part of the short term move to T+1 settlements, against a backdrop of highly complex, time-critical processes, Asian back offices will be unique in May 2024 in handling the majority of their cross-border volumes on what is effectively a trade-date basis.
The majority of Asian brokers do not see their current back office systems as being ready to grow, 50% of market participants are planning large-scale technology transitions in the next 5 years.
In order to enable global accelerated settlements from Asia, a new target operating model and intelligent automation are urgent necessities.
Read the full story on Making Global Settlements Work in Asia here: including statistical insights and expert analysis from leading specialists.
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