Settlement

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”.

One of the biggest and most current themes gets it own segment in this year's predictions series as CLS, DTCC, Torstone Technology and S&P Global Market Intelligence give their predictions on which settlement trends will shape the new year.

Delay set to provide market participants with more time to update systems and implement new procedures.  

Letter from UK Accelerated Settlement Taskforce chair says lessons need to be learned from the US move in May, with final report delayed to Q1, as previously revealed by Global Custodian.  

Association calls for considered approach to a shortened settlement cycle, as short-term timeframes are likely to result in a significant rise in settlement fails.