Europe could face settlement squeeze with T+1 proposals and CSDR fines

Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.

For all the talk of “real-time settlement”, it wasn’t until 2014 that Europe moved from a settlement cycle of three business days after the trade date (T+3) to two business days (T+2). And the United States only followed suit in 2017.

“We like to think we’re in a fast-paced environment. But actually, significant structural changes take time to materialize, because we work in an industry where we can’t just hit the pause button and rewrite everything,” says Sachin Mohindra, executive director of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: