SIFMA, ICI And DTCC Leading Effort To Shorten U.S. Securities Settlement Cycle To T+1, Collaborating With The Industry On Next Steps - A Shorter Settlement Cycle Will Benefit Investors And Market Participant Firms By Reducing Systemic And Operational Risks
Date 28/04/2021 The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are collaborating on efforts to accelerate the U.S. securities settlement cycle from T+2 to T+1, the organizations announced today. Working closely with their members and other key stakeholders, the organizations are outlining key steps to shorten the cycle for secondary market transactions, identifying priority issues that need to be addressed and conducting the necessary due diligence and resolution of these cr...
Source: mondovisione.com