What does T+1 mean for you?
In our latest research “What does T+1 mean for you?”, we bring together relevant market data and the nuanced perspectives of expert practitioners to offer a practical, ground-level view of what T+1 means for six market segments or functions and how they are gearing up for the transition.
The shift to a T+1 settlement cycle marks a pivotal chapter in the evolution of European financial markets. It is a milestone that, while straightforward in its ambition to curtail risk, boost operational efficiency and reinforce market resilience, demands sweeping change across the entire post-trade ecosystem. No single firm can navigate this transformation in isolation. Success hinges on coordinated action, common standards and a collective state of readiness throughout the industry.
Over the past year, the Securities Services business of BNP Paribas has opened an extensive dialogue with a broad spectrum of market participants, including sell side and buy side firms, clearing houses, custodians and other critical infrastructure providers. These conversations have illuminated the diverse impacts that T+1 will have on different business models and the shared challenges that lie ahead. What has emerged with clarity is that preparation must be a joint effort, underpinned by transparent communication and harmonised processes.
Our latest T+1 research brings a unique perspective:
- The one-year countdown: strategic guidance for the final year of transition
- Dual-lens methodology: integrates quantitative data from the EU T+1 Industry Committee’s Q2 2026 Readiness Survey with qualitative expert interviews
- Segment-specific intelligence: tailored analysis for broker-dealers, wealth managers and private banks, securities lending desks, global custodians and asset managers
- Actionable operational insights: identifies critical readiness gaps, automation imperatives and the mutual dependencies essential for a successful transition.
Segment-specific T+1 intelligence
