T+1 Information and Tools

 

The CCMA and the organizations it works with prepare and share material to help advance a smooth transition to T+1, should the U.S. capital markets proceed with their proposed move to a shorter standard settlement cycle.  Examples include white papers, submissions, surveys, checklists, and so on.  Below is Canadian information, followed by links to U.S. T+1 material, as well as links to CCMA T+2 resources that also may be useful.

Canadian T+1 Information

  • August 17, 2021:  Article – U.S industry plots move to T+1; Canada is also considering a move to the shorter settlement cycle
  • June 21, 2021:  CDS Bulletin – Canada’s Transition to T+1 – June 1, 2021.pdf
  • April 30, 2021:  Article – Contemplating T+1 for Canada – As the U.S. industry considers shorter settlement, the CCMA ponders it too
  • April 29, 2021:  CCMA Announcement – Study of Shortening the Standard Canadian Settlement Cycle to T+1

Pre-2021

U.S. T+1 Related Information

  • August 31, 2021:  U.S. T+1 Microsite (DTCC)
  • August 13, 2021:  Letter to U.S. SEC Chairman Gensler re T+1 (Sifma, ICI, DTCC)
  • April 28, 2021:  DTCC Proposes Approach to Shortening U.S. Settlement Cycle to T+1 Within 2 Years
  • April 28, 2021:  Media Release – U.S. Leading Effort to Shorten U.S. Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps (SIFMA, ICI and DTCC)
  • March 31, 2021:  Interview – How Recent Volatility and Margin Requirements Make the Case for T+1 Settlement (Nasdaq Talks; five-minute listen)
  • February 24, 2021: White Paper – Advancing Together: Leading the Industry to Accelerated Settlement (DTCC)
  • February 27, 2020: Working Paper – Settling Down; T+2 Settlement Cycle and Liquidity (Utah University Centre for Growth and Opportunity)

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