Today, Omgeo launched the publication of its new industry paper, “The Road to Shorter Settlement Cycles: Creating a trade date environment in the US and across the global markets.”
The Omgeo paper explores the global move to shortened settlement cycles (SSC). It looks at the benefits and the challenges with implementation and, importantly, the enablers to achieving SSC. As part of this, the paper explains what role a Trade Date Environment (TDE) will play in realizing shorter settlement cycles across the global markets.
“Securities settlement is a critical component of operational risk management since faster and more efficient settlement practices reduce counterparty risk exposure and promote the efficient use of capital. If achieved on a global scale, improved settlement efficiency could be one of the most tangible and positive examples of changes to post-trade infrastructure since the onset of the global financial crisis”, Marianne Brown, President and CEO, Omgeo.