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BLOGS. November 7, 2023
SSIs, or standard settlement instructions, play a critical role in trade settlement, and this will not change once T+1 is implemented across the North American markets. It is critical that investment managers, brokers, custodians and all other stakeholders communicate SSI changes to each other as soon as possible, and that the parties receiving these notifications make changes as soon as they become effective. This concept seems easy enough, but there is always a stakeholder who forgets to make the change, or that makes it too early. These types of mistakes will be more troublesome after the move to T+1.