Over half of exceptions to be processed manually after T+1 go-live, report finds
New survey highlights the level of preparedness and areas of focus for the industry ahead of implementation on 28 May.
New survey highlights the level of preparedness and areas of focus for the industry ahead of implementation on 28 May.
The improvement in the settlement efficiency rates will help to minimise the likelihood of mandatory buy-in’s being introduced.
Trades processed through the NSCC are on track, with more work to be done around the bilateral settlement segment.
Education on the affirmation process is particularly important for Europe and Asia-based clients.
Custodian digs deep into its own data in an effort to shine a light on processes which need to improve before May, as BNY Mellon expert explains to Global Custodian how results show concerns for Europe, certain profiles of client and why it may just be a case of adjusting to not rely on that extra day.
The integration of Finland's CSD core platform with the European Central Bank's T2S platform will help to streamline cross-border settlements, making them more accessible and efficient.
DTCC happy with the level of participation across its testing cycles, so far only encountering some “minor setup issues”.
The proposal has set out eight suggestions to encourage the widespread adoption of good market practices as well as enhancing the resilience of central clearing systems.
GenAI-powered operational management tool was developed in direct response to the upcoming switch to T+1 in North America.
New report asserts that while current technology opens up new possibilities, this does not directly result in good ideas, with the firm adding that shortening the cycle even further “would represent a more radical transformation with far-reaching implications and potential unintended consequences”.