All eyes turn to North America as T+1 arrives
As T+1 settlement becomes a reality in North America, long-lingering questions will get their answers.
The wait is over; T+1 settlement is finally here—in North America, anyway.
While switching from T+2 to T+1 settlement is largely a market structure issue, getting to a trade-date-plus-one-day settlement cycle has forced firms to examine the middle- and back-office systems involved in the clearing and settlement process.
About 15 months ago, the US Securities and Exchange Commission announced that May 28, 2024, would be the compliance date for T+1, and Mexico and Canada followed suit. Industry
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