Reported 6 months ago
The US Clearinghouse DTCC has resolved a processing issue as the finance industry successfully meets the T+1 target for processing US securities trades faster on the first day of new one-day settlement rules. Despite some delays to overnight systems, 92.76% of transactions were affirmed by 9 p.m. Eastern time, exceeding the DTCC's target of 90%. The transition to T+1 aims to reduce risks in the financial system, with firms globally preparing for the shift by adjusting workflows and staffing. Challenges remain, including the upcoming double settlement day and MSCI Inc.'s index rebalancing.
Source: YAHOO