The European Union’s broader shift to a T+1 settlement cycle is officially slated for October 11, 2027. However, for middle- and back-office operations teams, the real deadline arrives nearly a year earlier. The European Securities and Markets Authority (ESMA) has drawn a line in the sand, mandating that market participants must finalize their allocations and… Read More >>
T+1’s Progress Hampered by Fragmented Ops
Fragmented local processes and the absence of a global operating model are set to challenge financial services firms in Europe and the U.K. as they prepare for T+1 settlement cycles in October 2027. A survey by Citi and research firm ValueExchange found that 29 percent of European firms lack a globalized operating model, complicating T+1… Read More >>
Vendor & Custodian Snags Could Stall T+1 for U.K. & E.U.
Vendor and custodian bottlenecks, along with a lack of automation, are set to hinder asset managers, wealth managers, and fund administrators the most, as the United Kingdom (U.K.) and European Union (E.U.) securities markets transition to T+1 settlement on Oct. 11, 2027. The warning follows recent research showing that just 66 percent of U.K. investment… Read More >>
T+1 Is Spreading Across the Globe
T+1 settlement is taking wing across the globe. Earlier this month, Pakistan’s capital markets switched to T+1 settlement, replacing its long-standing existing T+2 cycle. As of February 9, all eligible trades on the Pakistan Stock Exchange (PSX) are being settled quickly on the significantly shortened timeline. According to a press release from PSX, the transition brings… Read More >>
40% of U.K & E.U. Firms Could Fail T+0 Step
Around 40 percent of securities firms in the European Union (E.U.) and the U.K. are expected to miss the 2026 deadlines tied to T+0 allocations and confirmations, a development described as a “red flag item” by the industry standards body ISITC. The findings form part of research conducted by market research firm ValueExchange, which reported… Read More >>
U.K. Treasury Pushes to Advance T+1
HM Treasury, the United Kingdom’s economic and finance ministry, has released a draft Statutory Instrument and accompanying policy note outlining the date and scope of recommendations set forth by industry working groups on the country’s transition to T+1 settlement. Published at the end of October, the draft lays the groundwork for the legal changes required… Read More >>
A.I.-Based Tool Targets CSD Affirmations for E.U.’s T+1
Central securities depositories (CSDs) affirmation is a crucial part of Europe’s T+1 settlement transition that isn’t being discussed, according to Brussels, Belgium-based financial market infrastructure group Euroclear, connectivity platform Taskize, and post-trade process automation provider Meritsoft. Last month, the European Securities and Markets Authority (ESMA) unveiled a proposal for same-day (trade date) timing for trade… Read More >>
Are You Ready for T+0 in 2027?
(Editor’s Note: The Financial Markets Standards Board (FMSB) recently published a paper on “The Future of Financial Markets,” addressing the array of challenges the industry continues to grapple with as it transitions to T+, as well as the realities of moving today’s interconnected global market to the hallowed T+0 settlement. Rich Robinson, U.S. chair of… Read More >>
APAC Needs to Brace for Europe’s T+1 Transition
Asia-Pacific (APAC) investors are to be disproportionately affected by Europe’s shift to a T+1 settlement cycle, according to new research from BNP Paribas Securities Services (BNPPSS). The French bank’s post-trade and asset servicing division is urging firms across the region to adopt automation, pre-fund settlements, and streamline their internal processes to avoid costly settlement fails… Read More >>
E.U.’s Sec Lending Sector Braces for T+1
The securities lending market in Europe is looking to the U.K. for guidance as both prepare for the shift to a T+1 settlement cycle on Oct. 11, 2027 — a move complicated by a long-running spat between borrowers and lenders over recall cut-off times. Representatives from the U.K.’s securities lending committee, under the auspices of… Read More >>
