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Industry Groups Cheer T+1 as a Success
News September 12, 2024 at 12:31 PM
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What You Need To Know
- In May, the securities transaction settlement cycle was shortened from two business days after the trade date to one
- The move has reduced settlement risk and enabled firms to better use their capital, SIFMA, ICI and DTC say.
- Moving to T+0 would create new risks and complexities, the groups warn.
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