Australia to Implement T+2 For Fixed Income By 2016

- Timothy Bourgaize Murray
- 19 Aug 2015

Australia is the latest market pushing for globalized T+2, as Europe instituted the shortened settlement cycle last year with its T2S initiative while authorities in the US continue to aim for a 2017 switchover.

"We’re very confident that the timeframe we have set together as an industry is a sensible one," said Michael Go, head of markets at Afma, in a statement. “Any institution dealing in Australian fixed income products will need to talk to their counterparts to ensure their systems and processes cater for T+2. Given much of the rest of the world is already on this cycle, or moving to it, it places the Australian market in a strong position."

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 info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@waterstechnology.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@waterstechnology.com