T+1 Settlement Frequently Asked Questions

We've created this document to answer some of the frequently asked questions we have received in the announcement by the Securities Exchange Commission (SEC), to shorten the settlement cycle for US equity and corporate bond markets from T+2 to T+1.
This move is anticipated to have a number of positive benefits including overall risk mitigation, capital efficiency gains, and reduction of margin requirements. Market participants are expected to adopt more straight-through post-trade processes in order to comply with a shorter settlement cycle.