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The Road to U.S. T+1 Settlement
- throw0101d 3y agoCanada too. May 27/28: > The SEC adopted the rule to shorten the settlement cycle to T+1, effective May 28, 2024, for all U.S. securities transactions that settle through DTC. Canada has adopted a parallel rule covering their markets, however, given the three-day Memorial Day holiday in the United States, Canadian securities will begin trading using a T+1 settlement date on May 27th, one day before U.S. securities. What impact will this have on the post-trade processing of securities transitions?