The impact of speedier settlement in the US
It's an unfortunate rule of thumb that when something brings benefits in one area it often causes problems in another. So it is with the move to T+3 in the US. Certainly, when the big day arrives on June 7 there will be a few teething problems, but the general perception seems to be positive. A move to clearance and settlement three days after a trade will reduce the risk to clearing firms, their participants and investors; and it will keep the US at the forefront of international competitiveness.
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