Tag: T+2 settlement

CLS
March 21, 2024 BY Simon Mugo

Upcoming US Stock Settlement Changes To Affect International Funds

This adjustment, set to take effect on May 28, contrasts with the T+2 cycle common in most other parts of the world. It will prompt industry participants to revisit their operational strategies to mitigate transaction failures and elevated trading costs. Ben Springett from Jefferies highlighted that adapting to this new cycle could necessitate higher cash…

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September 13, 2017 BY Valentina Kirilova

CDS Clearing and Depository Services moves to T+2 settlement

Canada's financial industry stands to benefit from shortened securities settlement cycle CDS Clearing and Depository Services Inc. (CDS), Canada's national securities depository, clearing and settlement hub, announced the successful transition to a two day securities settlement period, or T+2, from the previous three day period, or T+3. Thursday, September 7, 2017 marked both the final…

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