Custody Risk Winter 2014
No market participants report to Custody Risk any serious challenges associated with the settlement cycle being reduced to trade date plus two business days
In line with Target-2 Securities, the subject of much discussion during this magazine’s roundtable event at Sibos 2014, on October 6 the standard settlement period for equities traded in Europe was shortened from T+3 – the trade date plus three business days – to T+2.
Everyone now has one day less for margin calls, one day less to recall stock from loan, one day less to sort out foreign exchange trades. But the operational shift has not caused consternation.
Following this significant change in
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