T+1 will release £1 billion of margin in the UK, says BoE
The TRADE
FEBRUARY 24, 2025
The UKs move to a T+1 settlement cycle could release 1 billion of margin currently required at central counterparties, according to the Bank of Englands (BoE) executive director, financial market infrastructure, Sasha Mills. The UK will move to T+1 on 11 October 2027, in line with the EU and Switzerland.
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