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The article presents the underlying provisions in the field of financial instrument accounting treatment. The paper summarizes the outcomes of a critical analysis of the authoritative text of Accounting Standard 32 – Financial Instruments. The article presents proposals for remediation of identified deficiencies with the aim of assisting the establishment of good practice with respect to the application of the Standard. [ABSTRACT FROM AUTHOR]

For over 20 years, the standard settlement time frame in the United States for most securities transactions has been three business days. Over the last 18 months, regulators and industry participants have taken steps to shorten the settlement cycle to two business days. This paper explores key regulations and rules that will be affected by the transition, and describes steps industry participants may consider to prepare for a shorter settlement cycle. [ABSTRACT FROM AUTHOR]