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Category: DTC Chill

SEC Adopts The T+2 Trade Settlement Cycle

Introduction and brief summary of the rule On March 22, 2017, the SEC adopted a rule amendment shortening the standard settlement cycle for broker-initiated trade settlements from three business days from the trade date (T+3) to two business days (T+2). The change is designed to help enhance efficiency and reduce risks, including credit, market and liquidity risks,… Continue reading “SEC Adopts The T+2 Trade Settlement Cycle”