The third quarter of 2024 is the scheduled go-live as plans for shortening the standard trade settlement cycle for securities in the United States are becoming increasingly definite. The market heavyweights behind the shift – SIFMA, ICI and DTCC – just released the 176-page instruction to market participants on how to get operationally ready.

“The T+1 Securities Settlement Industry Implementation Playbook outlines a detailed approach to identifying the impacts, implementation activities, implementation timelines, dependencies, and risk impacts, that market participants should consider in order to prepare for the impending transition to a T+1 Settlement Cycle,” they write.

A direct download link to the full playbook is here.

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PostTrade 360 Nordic 2024

The cover features four logos: central securities depository DTCC, the Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and consultancy Deloitte, which was commissioned to produce it.