SIFMA voices supports for T+2 start in US

SIFMA supports the move to T+2. Shortening the US settlement cycle will provide a number of benefits including reducing operational, systemic and counterparty risk and lowering liquidity needs, while aligning the US with other T+2 settlement markets across the globe. A shorter settlement cycle will enhance market structure by improving safety and efficiency for investors.

SIFMA, as co-chair of the T+2 Industry Steering Committee (T+2 ISC) together with the Investment Company Institute (ICI) and The Depository Trust & Clearing Corporation (DTCC), coordinates efforts with the Industry Working Group (IWG) and Sub-Working Groups (SWGs) to assess the scope, requirements, and changes needed to facilitate the implementation of T+2 as well as work with regulators to ensure a successful transition.

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