T+1 lead named for Europe as 11 October 2027 earmarked for co-ordinated switch with UK
Appointment will coordinate the work of the industry, acting as the link between various market participants.
Settlement
Settlement
HKEX to enhance post-trade systems to ready for T+1
New features are due to begin rolling out in mid-2025, with key upgrades set to include real-time data processing and real-time settlement instruction matching.
HQLAᵡ, Clearstream, and Eurex facilitate intraday DvP Repo settlement in ECB trials
The ECB’s trials focus on exploring new technologies for wholesale central bank money settlement, with the trials involving real transactions using actual securities and cash.
Fireside Friday with… Meritsoft’s Daniel Carpenter
Daniel Carpenter, CEO of Meritsoft, a Cognizant company, discusses the challenges and strategies for firms transitioning to T+1 settlement, emphasising the need for proactive investment in AI-based solutions to manage trade fails and streamline operations ahead of the 2027 deadline.
Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing
The development will provide a service for European SFT transactions in cash equities and ETFs, including central clearing, settlement and post-trade lifecycle management.
Settlement
EU proposes October 2027 for T+1 switch
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
Fireside Friday with… AccessFintech’s Pardeep Cassells
AccessFintech's head of client experience, Pardeep Cassells, discusses the UK’s unique challenges in transitioning to T+1 settlement, emphasising the need for automation and regional coordination to mitigate operational risks.
Canada reveals positive updates following T+1 go-live
In a newly released T+1 post-implementation report, CCMA reflects on the project’s successes, lessons learned, and areas for future improvement in securities settlement within Canada.
Settlement
UK already settling 5% of trades on a T+1 basis, says taskforce chair Douglas
The lead for the UK’s move to a shortened settlement cycle highlights how getting a higher rate of trades settling on a T+1 basis prior to the official transition could make the migration much easier for participants.
Euroclear facilitates issuance of France’s first Digitally Native Note worth €100m
Paris Europlace united banks and asset managers to support the initiative issued by Caisse des Dépôts et Consignations (CDC), facilitated by Euroclear, with BNP Paribas’ securities services as issuing agent.