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Moving the USA to T+2 settlement

Author

Listed:
  • Schneider, Lee A.
  • Tessler, Lilya
  • Lascelles, Clare K.

Abstract

For over 20 years, the standard settlement time frame in the United States for most securities transactions has been three business days. Over the last 18 months, regulators and industry participants have taken steps to shorten the settlement cycle to two business days. This paper explores key regulations and rules that will be affected by the transition, and describes steps industry participants may consider to prepare for a shorter settlement cycle.

Suggested Citation

  • Schneider, Lee A. & Tessler, Lilya & Lascelles, Clare K., 2017. "Moving the USA to T+2 settlement," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 9(2), pages 106-116, March.
    • Handle: RePEc:aza:jsoc00:y:2017:v:9:i:2:p:106-116
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    More about this item

    Keywords

    T+2; T+3; securities; trade date; trade settlement; settlement date; clearing;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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