Kramer Levin provides its clients proactive, creative and pragmatic solutions that address today’s most challenging legal issues. The firm is headquartered in New York with offices in Silicon Valley and Paris and fosters a strong culture of involvement in public and community service. For more information, visit www.kramerlevin.com
The SEC proposed to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date (T+3) to two business days after the trade date (T+2).
To print this article, all you need is to be registered or login on Mondaq.com.
The SEC proposed a rule amendment to shorten the standard
settlement cycle for most broker-dealer securities transactions
from three business days after the trade date (T+3) to two business
days after the trade date (T+2). The proposed amendment is designed
to reduce the risks that arise from the value and number of
unsettled securities transactions prior to the completion of
settlement, including credit, market and liquidity risk directly
faced by U.S. market participants. Link To Article
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
