Xchange brief
•Published 25 Sept 2026

Swift standards release delay: what does it mean for EU T+1?

Swift deferred its Nov 2026 release, forcing a quick reaction from the securities industry dependent on it for Europe's move to T+1.

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Swift standards release delay: what does it mean for EU T+1?

Snapshot of this brief

  • Why Swift postponed its November 2026 Standards Release, and at whose request
  • Which securities and funds changes have been pushed back to 12 June 2027
  • How the delay compresses the testing window before EU T+1 goes live on 11 October 2027
  • What the new repo "gating event" means for securities financing transactions under T+1
  • What T+1 programme leads should do next, and by when

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