Today the CCMA Board published a media release and T+1 Post-Implementation Report with highlights of the one-business-day securities-settlement-cycle reduction project and recommendations for the future. The transition to T+1, despite complex challenges, was successful and improvements continue to be made. Countries in Europe and elsewhere are investigating a move to T+1, which would be welcomed by North American capital markets participants and is also seen as a minimum requirement before any further reduction in the settlement cycle. Shortening the settlement cycle more would be considerably riskier and more costly to achieve.
