United States:
SEC Proposes T+2 For Settling Securities Transactions
03 October 2016
Sullivan & Worcester
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The SEC has proposed a rule amendment to shorten the standard
settlement cycle for most broker-dealer securities transactions
from three business days after the trade date (T+3) to two business
days after the trade date (T+2). The proposed amendment is designed
to reduce the risks that arise from the value and number of
unsettled securities transactions prior to the completion of
settlement, including credit, market, and liquidity risk directly
faced by U.S. market participants.
For more information about the proposal see: https://www.sec.gov/news/pressrelease/2016-200.html
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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