1. Moving the USA to T+2 settlement.
- Author
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Schneider, Lee A., Tessler, Lilya, and Lascelles, Clare K.
- Subjects
SECURITIES ,DELEGATED legislation ,STRUCTURED financial settlements ,AMERICAN business enterprises ,TRADE regulation - Abstract
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]
- Published
- 2017
- Full Text
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