T+2 Readiness Assessment

Is your end-to-end solution T+2 ready?

The settlement period for in-scope securities traded on the secondary market in the US and Canadian markets is currently trade date +3 business days. Come September 5, 2017 this period will be shortened to trade date + 2 business days.

This change is being made in order to:

• Reduce counterparty risk between trade execution and settlement
• Reduction in liquidity requirements for NSCC
• Settlement harmonization in global markets
• Reduction in pro-cyclical margin demands