The European T+1 effect on Asia
T+1 is coming in Europe, and Asian firms should assess impacts and begin preparations now, says the DTCC’s Val Wotton.
With more than 55% of global activity settling on T+1 today, we can expect to see a more profound shift in settlement efficiency across the global financial ecosystem as the UK, Switzerland, Liechtenstein, and the EU commence their T+1 settlement cycle on October 11, 2027.
Having successfully participated in the US shift to T+1 in May 2024, can market participants in Asia apply the practical knowledge and hands-on learnings to support the next major transition in Europe? Are there specific
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