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T+1 Cycle Exposes Market to FX Settlement Risks

T+1 Cycle Exposes Market to FX Settlement Risks
On 15 February, the US Securities and Exchange Commission adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The new cycle, which has a final implementation date of 28 May 2024, is intended to reduce credit, market, and liquidity risks in securities transactions. But, it has also raised concerns over FX risk, with Ricky Ellis, the Head of FX Sales in EMEA at BBH observing... Read More
Posted: Jul 28 2023, 06:27
Author Name: financemagnates
Views: 102292

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