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Shortening the Securities Settlement Cycle – Impacts and Insights

Nikesh Agarwal , Maveric Systems - C. Prasannavenkatesan , Maveric Systems | 22 October

Shortening the securities settlement cycle became a major aim in the financial market space after the financial crisis. Central Security Depository Regulation (CSDR) mandates European countries to operate on a trade date plus two days (T+2) settlement cycle before 2014 year-end. In the US, the Depository Trust and Clearing Corporation (DTCC) has already commenced research studies and initiatives to define a path for moving to T+2 from T+3.