T+1 will release £1 billion of margin in the UK, says BoE
Bank of England’s director for financial market infrastructure highlights the reduction of costs and risks in shortening the settlement cycle.
Settlement
Euroclear and Euronext to integrate collateral management services
The initiative aims to enhance market efficiency by integrating Euronext Clearing into Euroclear’s post-trade infrastructure.
UK taskforce publishes blueprint for T+1 transition
The Code of Conduct includes critical and recommended actions, along with suggested timelines and behavioural commitments surrounding compliance and automation.
UK confirms October 2027 alignment with EU and Switzerland for T+1 transition
The major European markets officially align on T+1 transition on 11 October 2027 as the UK prepares to reveal roadmap for a successful transition.
EU watchdogs launch new governance structure to support T+1 transition
The move is set to support the shift to T+1 through overseeing and managing the key elements of the transition, currently set for October 2027.
Switzerland confirms October 2027 move to T+1 in alignment with EU
October 2027 date is set to be the consensus between the EU, Switzerland and the UK.
HKMA introduces range of post-trade reforms to deepen connection to Mainland China
One of the main changes in the new framework will see participants in the Northbound Bond Connect able to use eligible onshore bonds as collateral for RMB repo transactions in Hong Kong.
Predictions for 2025: Best of the rest
Our predictions conclude with a range of industry predictions from Northern Trust, DTCC, Chainlink Labs, Firebrand Research, SSImple, Pivot, Coalition Greenwich and SoundHound AI on trends set to impact the industry in 2025.
T+1 lead named for Europe as 11 October 2027 earmarked for co-ordinated switch with UK
Appointment will coordinate the work of the industry, acting as the link between various market participants.
Settlement
HKEX to enhance post-trade systems to ready for T+1
New features are due to begin rolling out in mid-2025, with key upgrades set to include real-time data processing and real-time settlement instruction matching.