Reported 4 months ago
The transition to one-day settlement in US capital markets is going smoothly, decreasing the cash buffer against counterparty defaults by about $3.1 billion. This reduction in the National Securities Clearing Corporation’s Clearing Fund is enabled by the switch to T+1 settlement, improving market safety and efficiency. Market participants are closely monitoring the transition for any technical issues or market disturbances, with the goal of mitigating risks and enhancing the financial system.
Source: YAHOO