Leading the Move to T+1
Accelerating the settlement cycle, as we all know from experience, is a complex and significant undertaking.
Working closely with members and other key stakeholders, SIFMA is collaborating with ICI and DTCC to outline key steps to shorten the cycle for secondary market transactions, identifying priority issues that need to be addressed and conducting the necessary due diligence and resolution of these critical issues. Discussions with our members began last year and we aim to complete this analysis on next steps to achieving T+1 by the end of Q3 2021. Shortly after that work, we will develop a definitive timeframe for moving to T+1. In addition to efforts to shorten the settlement time, we will assess what it may take to further accelerate the settlement cycle beyond T+1 and explore the role that emerging technologies could play.
Learn more about this important initiative:
- Blog Post: A Shorter Settlement Cycle: T+1 Will Benefit Investors and Market Participant Firms by Reducing Systemic and Operational Risks
- Press Release: SIFMA, ICI and DTCC Leading Effort to Shorten US Securities Settlement Cycle to T+1
- Video: Accelerating Settlement: A Conversation with SIFMA and DTCC