The shortening of the security settlement cycle in the UK, Europe, and Switzerland takes effect on October 11, 2027. Like Uncleared Margin Rules and T+1 in the United States, the shortening of the settlement cycle is not only a regulatory mandate that must be addressed but also an opportunity for organizations to modernize their processes and underlying technology in order to build the infrastructure that can support real time processing. According to Finadium, this is “a fork in the road,” and will entail fixing key elements of industry processes. Standing Settlement Instructions (SSIs) will be among the first big issues to confront.
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