Ticking clock: Firms in Asia face unique T+1 challenges

Firms in Asia worry about unintended consequences of massive change to settlement cycle.

The countdown has begun. In exactly four months, settlement in the US and Canada will be compressed from a T+2 to a T+1 timeframe. 

While there’s no shortage of anxiety over the pending switchover date of May 28, less attention has been paid to how Asia-Pacific firms will deal with the shorter settlement window. Firms in the region may have to extend working hours to accommodate the shift, particularly on Friday nights in Asia. 

Another challenge has to do with pre-funding trades, says a

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