T+2 : The final countdown
As one the major securities software solutions provider in Europe, SLIB always anticipates regulatory changes that impact the financial industry. One of the main changes of this year is T+2: the reduction of settlement cycle from 3 to 2 days after the trade date. SLIB organized last month in London, with SWIFT, an event to
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Editorial Team
- July 7, 2014
- 2 minutes
As one the major securities software solutions provider in Europe, SLIB always anticipates regulatory changes that impact the financial industry. One of the main changes of this year is T+2: the reduction of settlement cycle from 3 to 2 days after the trade date.
SLIB organized last month in London, with SWIFT, an event to understand what T+2 is and its impacts on the market players. The panel of speakers was of high quality and managed to gather a great audience of more than 80 delegates. All market business lines were represented: global custody, asset management, brokerage, professional association, SWIFT , SLIB and Aite Group.
The debate was the opportunity for players round the table to express their point of view and to exchange on the consequences of the reform on their business, organisation and information system, 5 months before the changeover to T+2 for most European countries.
Among items raised, particular attention was drawn to the consequences of T+2 on asset managers’ liquidity management. Indeed several speakers pointed out that the switchover to T+2 will amplify desynchronisation between settlement of the various assets that make up funds and subscription/purchase.
This event also highlighted that beyond the need for all players to make their process quicker, especially by taking out manual interventions; T+2 will bring about other concerns in terms of cash flow and forecast management.
This event was truly successful due to the number of participants and the quality of speakers and debates. This success can only encourage SLIB to present its expertise by carrying on organising meetings between professionals on markets news topics.
