SS&C Blog

BLOGS. February 7, 2024

T+1 Settlement Cycle – Now is the Time to Prepare

The shortening of the U.S. settlement cycle to T+1 is set to take effect on May 28, 2024. Firms should be well on their way to planning and implementing the necessary changes to comply. We recently conducted an informal poll to ask if participants were prepared for the shift to T+1, and 10% reported they were not prepared. Respondents also reported that their biggest concerns were “communication and coordination with counterparties” (40%) and “operational readiness and process changes” (35%).