On February 15, 2023, the Securities and Exchange Commission (SEC) adopted rule amendments to shorten the standard settlement cycle for most broker-dealer securities transactions from two business days after the trade date to one business day with the goal of not only reducing risks in clearance and settlement, but also improving the processing of institutional trades.
Following the SEC’s move to T+1 settlement cycle, BNP Paribas and DTCC hosted a webinar with 600 attendees about the U.S. transition to T+1, focusing on how it will impact the post-trade processing of U.S. securities transactions including settlement, fail management, securities lending, asset servicing and funding.
Click on the recording below to watch this engaging and informative conversation moderated by Emmanuelle Riess (US Custody Product Manager for Securities Services, BNP Paribas) and featuring Michelle Hillery (General Manager of Equity Clearing & DTC Settlement Services, DTCC), David Kirby (Head of Americas Relationship Management/Global Account Management, DTCC), Laurent De Lattre (Head of MFS Americas and Global Head of FX for Securities Services, BNP Paribas) and Yasha Shetty (Head of Global Settlements and Cash, BNP Paribas).
