A Journey to an Accelerated Settlement Cycle

A Journey to an Accelerated Settlement Cycle

Training Videos

SIFMA Training Video 
A Journey to an Accelerated Settlement Cycle 
What firms should be doing to prepare for T+1 

The financial services industry, in coordination with regulators, is actively preparing to shorten the standard settlement cycle to trade date plus one business day (T+1). This transition is expected to yield numerous benefits for investors and market participants, including reduced costs, increased market efficiency, and reduced settlement risk. 

In this SIFMA Training Video, we walk through what your firm should be doing to prepare for the transition, which will happen in Canada on May 27, 2024 and in the United States on May 28, 2024. 

We’ll break down the sections within the “T+1 Securities Settlement Industry Implementation Playbook,” outlining a detailed approach to identifying the potential impacts, implementation activities, implementation timelines, dependencies, and risk impacts, that you should consider. Every firm has a different infrastructure, different businesses, clients, as well as operational process and geographies which all need to be taken into consideration. Our expert speakers will help you understand how to apply the Playbook, including its timelines and milestones, for your unique scenario and get started on the transition to T+1 today. 

Expert Speakers 

  • Tom Price, Managing Director, SIFMA 
  • Bob Walley, Principal, Deloitte & Touche LLP 

Course Materials: 

  • A Journey to an Accelerated Settlement Cycle – Slide Deck (pdf) 
  • T+1 Securities Settlement Industry Implementation Playbook (pdf)

Learning Objectives: 

  • Overview of the accelerated settlement journey 
  • Current-state challenges and benefits of T+1 across trade life-cycle functions 
  • T+1 impacts and risks 

Playbook Sections 

  • Introduction and Overview 
  • Trade Processing 
  • Asset Servicing 
  • Documentation 
  • Securities Lending 
  • Prime Brokerage 
  • Funding and Liquidity  
  • Regulatory Changes 
  • Additional Considerations (Global, Options Exercise and Assignment, Primary Offerings, Reconciliations for Errors/Fails, Buy-Side, etc.) 
  • Industry Testing and Migration Plans 
  • The Path Forward and Associated Resources  

SIFMA Members: $750
Non-Members: $1,200
Length: 1 hour 

Disclaimer: This training video and its related materials are intended for general informational purposes only and is not intended to serve as investment or legal advice to any individual or entity. Any views and interpretations provided are that of SIFMA, not necessarily its member firms. These materials are subject to the Terms of Use applicable to SIFMA’s website, available at http://www.sifma.org/legal