Accelerated Settlement Challenges: Settlement Initiation

Home » Events » Accelerated Settlement Challenges: Settlement Initiation

Accelerated Settlement Challenges: Settlement Initiation

Posted on

A T+1 Forum Event

Background Information

The move to T+1 settlement in North America during 2024 and the intention indicated by the UK Accelerated Settlement Taskforce to follow suit in the UK create many business, technology and process challenges, which need to be fully explored. The ISITC Europe T+1 Forum series of roundtable discussions are designed to facilitate an in-depth, cross-industry understanding of those challenges and what solutions can be found for the short, medium and long term.

Each roundtable will be conducted under the Chatham House Rule, where no individuals or companies will be named, to facilitate a free and frank exchange of views. Sessions will be moderated by a member of the ISITC Europe T+1 research team and scribed by forum secretariat EY, to enable the production of a post session report, (complying with the Chatham House rule).

  • Our goal is to increase industry knowledge and understanding by defining the problems from both buy and sell side perspectives.
  • To discuss potential solutions i.e., amending business/operational processes, adapting existing technology or implementing new technology.
  • To assist with strategic planning and development.
  • To find a successful path to T+1 settlement implementation for everyone.

Roundtable Discussion: Settlement Initiation

Kindly hosted by EY

Settlement initiation

Date: Wednesday 11th October 2023

Time: 12:15 – 12:45 Lunch  – 12:45 Welcome/Opening Address  followed by roundtable discussion – 14:15 Close

Location: EY, 25 Churchill Place, Canary Wharf, London, E14 5EY

This is the first in a series of roundtable discussions examining the impact of accelerated settlement. It will explore real-time or near real-time processing requirements for trade matching, affirmation and allocation on trade date, to enable compliance with North American’s move to  T+1 and the need for faster and more streamlined processes as the domestic markets follow suit. The aim will be understand and define the problems across the transaction chain and discuss possible solutions. Likely areas of discussion will include:

  • With differing time zones, how can international investors be accommodated to enable matching across borders and jurisdictions?
  • How can existing technology be leveraged and how can standards be more widely introduced?
  • How can we eliminate any email or manual rekeying of transaction details?
  • How can we eliminate paper in any of the business processes?