Today, the UK T+1 Taskforce published its consultative report, “Accelerated Settlement Taskforce, Technical Group – Draft Recommendations Report and Consultation”, outlining recommendations for the implementation of a T+1 settlement cycle in the UK by no later than the end of 2027.
DTCC supports the recommendations in the report and stands ready to partner with the industry to ensure a smooth transition. Specifically, the report’s mention of automation as a key enabler of accelerated settlement, which states, “The sooner you automate or outsource to automated partners…. the more likely your institution will be able to successfully and efficiently settle within the T+1 timeframe,” was well received.
With a global community of 6,200 clients in 80+ jurisdictions, DTCC has helped support transitions to shorter settlement cycles around the world. We understand the nuances of global market workflows and we look forward to partnering with the industry to help ensure a smooth transition to T+1 in the UK by providing market participants with our expertise and the tools needed to automate and optimize their post-trade processes to achieve new levels of efficiencies and to promote compliance.
