Are You Prepared for T+1?

ViewTrade Can Help

How to Be Sure You're
Happy with Your Fintech Provider

From Y2K to T+2, and now the transition to T+1. Our team has been helping clients navigate uncertainty and change for over 20 years.

Read our resources below or reach out to your customer service representative for support

Last year, the Securities & Exchange Commission (SEC) adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The final rule is designed and intended to benefit investors by reducing the credit, market, and liquidity risks arising from unsettled securities transactions. As it stands today, the scheduled effective date for this change is May 27, 2024 in Canada and Mexico, and May 28, 2024 in the U.S. in recognition of the market holiday (Memorial Day) on May 27th.

Understanding the impact of this sweeping change is a good starting point when considering all the significant infrastructural and operational systems impacted.

To learn more, read our previous notes: 

  • The first note touches on the systems that will require attention, including retooling, reprograming and re-education
  • The second note addresses how ViewTrade can support your firm in taking the necessary next steps to successfully navigate the transition to T+1
  • The third note explores key areas impacted, as well as the timeline for conversion date

Although May is right around the corner, there is still time to work through the gauntlet of changes required to be properly prepared for this industry-wide transition. T+1 implementation does not have to be an apocalyptic event for your firm if you are aligned with the right partner, and we are ready to help.

If you’d like to discuss how ViewTrade can help your firm prepare, please don’t hesitate to reach out. In the meantime, this link from DTCC’s website provides a wealth of additional information on the topic.