The project has been three years in the making following regional counterparts Hong Kong, Korea and Thailand in making the transition.
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
Bank of Japan successfully reduces settlement time for government bonds to T+1, however Mizuho warns of potential rise in settlement fails as a result.
Stock exchanges in East Asia are preparing to embrace shorter settlement cycles, but will differing approaches signal a shift in regional dynamics? Richard Meyer explains.
Thailand joins Hong Kong, Korea, Taiwan and India as the only Asian markets that have made the move to a T+2 settlement cycle.
Project plan priorities highlighted for firms getting reading for US move to T+2.
The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
The Thailand Stock Exchange will switch to a T+2 settlement cycle on 2 March 2018.
Various global markets have made attempts to shorten their settlement cycles in recent months and the US has now followed suit.
DTCC’s straight through processing suits of products nearly hit one billion trades conducted in 2016.