US EditionEurope's T+1 Shift Projected to Be Costlier Than US Transition
4 Articles
4 Articles
Move to T+1 in Europe More Costly Than in North America - Markets Media
The complexity of European T+1 means project teams will likely need to be larger than for North American T+1. The T+1 implementation budget for a small buy-side firm is likely to start at $223,000. In contrast, the budget for a large global custodian is likely to top $36 million. Firms will need to further automate their processes to be able to handle volume increases, particularly as recent market volatility has resulted in record volumes. An a…
The reduction of the securities settlement cycle in Europe is expected to be more costly for market participants than that in North America at the end of May 2024, according to a study by the Firebrand Research consultant.
Anyone who thinks T+1 can be approached like any other project should stop dreaming. It could end badly. Starting in October 2027, shortened settlement cycles for securities will apply in the European Union (EU), the United Kingdom, and Switzerland – just as they already do in the United States, Mexico, Canada, India, China, and other countries. The... The article "T+1 will hurt – 24 hours are short..." first appeared on IT Finanzmagazin.
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