DTCC is currently testing T +1 – the new standard for settling trades. Currently, trades are settled T+2. The last change was in 2017 when traders had three days to settle their securities transactions. CI received a comment from DTCC Managing Director and General Manager,… Read More
Read more in: Fintech | Tagged dtcc, t+1, val wotton
The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… Read More
Read more in: General News, Global | Tagged deloitte, dtcc, ici, kenneth bentsen, sec, t+1
Following the Gamestop/Reddit/Robinhood melodrama, the discussion of when trades settle has become a topic of concern. Currently, if you purchase shares from a broker you must pay for those shares within two days of the trade (T+2), something the Securities and Exchange Commission adopted in… Read More
Read more in: General News, Fintech, Politics, Legal & Regulation | Tagged depository trust and clearing corporation, dtcc, murray pozmanter, t+1
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