Looking to the Future of Settlement
"It took 20 years to get consensus to move to T+2, but just three years from the inception of the technical working group to implementation."
When the US announced that it would move to a two-day settlement cycle, or T+2, there was great relief, and no small sense of achievement—it has, after all, taken two decades to even get the project off the ground. But after shortening the settlement cycle from three days to two, there is already an ongoing review ordered by the Securities and Exchange Commission (SEC) to determine how quickly the market might be able to move to an even shorter cycle of T+1 or even T+0.
The financial services
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