DTCC's Abel flags three hurdles to US shift to T+2
Despite what seems like a tight timeline, the DTCC's John Abel says there is some leeway as long as firms are willing to do a bit of homework before the official regulation is published
After years of talk and speculation, it seems the US securities market has finally taken a step towards reducing its settlement cycle to two days (T+2). The release last week of a proposed timeline for a T+2 shift in the US by the T+2 Industry Steering Committee (T+2 ISC) puts some legitimacy in the talks that have taken place across the industry for years around shortening settlement times.
John Abel, vice-president of product management, settlement and asset services for the Depository Trust &
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