Community
Monday sees the introduction of T+2 settlement and with it a new set of challenges for operations departments across our industry. Whilst we are not expecting a meltdown, the cost in time and effort to keep the wheels on will be a burden for both buy-sides and sell-sides for some time to come. T+2 is being introduced to reduce settlement risk across the industry. Some asset managers will ask for T+3 settlement with their brokers who, together with their custodians, will carry an increased number of overnight positions for their clients, with the corresponding increase in capital commitment and risk.
So is T+2 solving a problem, or moving it? We wait with baited breath and tin hat at the ready.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Igor Kostyuchenok SVP of Engineering at Mbanq
14 May
Jonathan Hancock Head of Product & Innovation at The ai Corporation
13 May
Aron Alexander Founder and CEO at Runa
12 May
Taras Boyko Founder at BTG Corporate Services Provider
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.