On May 27th and 28th, Canada, the US and Mexico moved to T+1 settlement cycles - removing up to 80% of the time we had available to settle trades. How are the world’s banks, brokers and investors preparing for this landmark change? Where are they seeing the impact and what are they doing to manage the risks of accelerated settlements?
How ready are we for T+1?
The road to May 2024
Fewer blocking issues but up to 50% of European investors are still struggling
Where are our T+1 risks?
Increasing readiness in all areas but continuing concerns around timings for securities lending
Up to 51% of exceptions will be handled manually
Up to 51% of exceptions will be handled manually after T+1, although automated platforms are clearly available
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28% of respondents are expecting their T+1 work to continue after May 2024
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What is the biggest impact of T+1 across the trade cycle?
In less than 3 months Canada, the US and Mexico will move to T+1 settlement cycles - removing up to 80% of the time we have available to settle trades today. This new trade-date processing standard is going to impact up to 9 different departments from account opening to corporate actions.
Where are the key hotspots across the trade cycle that are going to slow us down? What should our short-term project agenda look like in 2024?
Leverage the expertise of our “T+1 Industry Issues forum” which draws together specialists from across all areas of the trade lifecycle to ensure that your exact questions get answered. Log your question with us today and we will answer it in our next webinar in just a few weeks.
How are Asia’s back offices transforming to meet the T+1 challenge?
Understand how accelerated settlements in North America are combining with T+0 settlements in China to create a major business risk for Asia’s back offices.
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