T+2 ISC Announces Proposed Timeline for T+2 Shift in US, Sets Q3 2017 Goal
Committee releases white paper that outlines timeline and requirements necessary for shift to T+2.
The T+2 ISC, which is organized by the Depository Trust & Clearing Corporation (DTCC) and includes members from the Securities Industry and Financial Markets Association (Sifma) and the Investment Company Institute (ICI), released a 36-page document outlining the benefits, requirements and impact of shortening the settlement cycle for equities, corporate and municipal bonds, and unit investment trust (UIT) trades.
"The announcement of this proposed timeline by the T+2 ISC is a critical step
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