T+1 Settlement and Beyond

As the world watches the U.S. market plan for a T+1 cycle for securities settlement, other countries are assessing similar moves. BBH is working with clients to help them optimize their global operating models and support their readiness for this major industry shift.

In May 2024, all U.S. trades will need to settle on T+1, or one day after they have traded. The move from the current T+2 cycle will aim to reduce settlement risk, and reduce liquidity, margin and collateral requirements. Other countries across the world are assessing similar moves.

In addition to enhancing custody and settlements, the move will have a ripple effect on many processes across the securities trade lifecycle which will impact all global asset managers and financial institutions. It will also create an opportunity to automate and enhance previously manual or inefficient processes to meet the heightened demands and constrained timelines inherent in the move to shorter settlement cycles. 

For more information on the seven areas that will be impacted by U.S. T+1 and how to prepare, read the article below

Stay in the Know

Blog: BBH on T+1

In our new blog, we provide quick takes on the T+1 Settlement transition and insights from our conversations with clients, industry groups, consultants, and peers.

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Our Latest Insights on T+1 Settlement

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    How T+1 Impacts the Global ETF Ecosystem

    A deep dive into the downstream impacts of T+1 on the ETF ecosystem and how participants should be preparing to support primary market activity.
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    T+1: 5 Steps to Seize the Moment

    Making tactical decisions at the expense of more strategic approaches would be a missed opportunity. Keith Haberlin shares how to optimize your operating model for shorter settlement cycles.
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    T+1 and Securities Lending: Preparation Could be a Competitive Advantage

    BBH’s Tom Poppey and Rob Lees look at the changes that asset managers should prioritize and how they can use the race to T+1 to gain an edge.
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    How Will U.S. T+1 Impact the FX Market?

    Ricky Ellis, Head of BBH FX Sales EMEA, assesses the impact of U.S. T+1 on the FX market and key considerations for asset managers.
  • ""

    U.S. T+1: Everything, Everywhere, All at Once

    The impacts of shortened settlement cycles in the U.S. are critical to asset managers and banks globally. What can you do now to prepare for the change?
  • ""

    The Great T+1 Settlement Debate Comes to Europe

    What’s needed before a region with 41 trading exchanges and 31 settlement infrastructures can consider a shorter settlement cycle?
  • ""

    Shorter Settlement Cycles for Securities Are Coming. Are you Prepared?

    As the world watches the U.S. market plan for a T+1 cycle for securities settlement, others are assessing similar moves. BBH sets out the main process areas in the securities trade lifecycle that will be impacted by shorter settlement cycles and what you need to do now to prepare.

  • Revisiting the Past: U.S. Securities Settlement

    U.S. T+1 Settlement: Hitting the Accelerator

    Following dramatic market volatility events, the U.S. post-trade industry is deftly mobilizing to move securities settlement cycles to T+1. Adrian Whelan and Derek Coyle explore why shortening the U.S. settlement cycle is so significant to asset managers globally.

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