The TRADE

FEBRUARY 9, 2024

In Asia, the focus is a bit different and the theme we’re seeing and hearing about is around pre-funding the FX settlement-related trades. Once we get past the move to T+1 in the US and Canada, the UK and EU moving to T+1, likely in 2027 or 2028, is just around the corner.

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The TRADE

JUNE 21, 2024

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. Mutual funds and ETFs in the US have largely adopted a one-day settlement cycle by business practice, aligning portfolios from treasuries to equities.

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Mergers and Inquisitions

MAY 3, 2023

Step 3: Project the Changing Cash and Debt Balances and the Net Interest Expense If the company needs extra funds to maintain its Cash balance, you can assume it issues Debt; if it has excess Distributable Cash Flow, you can assume it retains the Cash.

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Cooley M&A

JANUARY 25, 2024

Deal financing became more difficult and expensive, placing more emphasis on alternative funding and value creation. Deal momentum in the AI space was one of the main talking points for cross-border dealmaking in 2023, with some estimates projecting the overall market size will reach $407 billion by 2027.

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M&A Mergers and Acquisitions Investment Government 52

The TRADE

JANUARY 27, 2025

The UKs Accelerated Settlement Taskforce (AST) is recommending that the UK moves to the T+1 settlement cycle for securities on 11 October 2027 in line with its European counterparts. The post UK confirms October 2027 alignment with EU and Switzerland for T+1 transition appeared first on The TRADE.

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European Investment Bank

JANUARY 29, 2025

Under the 2025-2027 Operational Plan, approved by the Board of Directors in December 2024, the EIB Group signature target for 2025 is 95billion, and the disbursement target is between 58.3billion and 64.3billion. The European Investment Bank Groups Operational Plans are reviewed and updated every year.

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The TRADE

FEBRUARY 20, 2025

On 6 February, the UKs Accelerated Settlement Taskforce (AST) published its report asserting a UK move to a T+1 settlement cycle by 11 October 2027, and listing a set of recommendations for the shift. Market participants should start planning now ahead of the 2025 budget process for project funding in 2026.

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The TRADE

APRIL 16, 2025

We are encouraged to see such strong, early engagement from the industry ahead of the UKs transition to T+1 in 2027, said Andrew Douglas, chair of the UK Accelerated Settlement Taskforce. Challenges remain, however. The post Industry engagement strong in Europe ahead of T+1 transition, finds survey appeared first on The TRADE.

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The TRADE

FEBRUARY 6, 2025

The plan includes a Code of Conduct for market participants, which confirms11 October 2027 will be the first trading date in UK cash equities forsettlementon aT+1cycle in line with the European Union and Switzerland. Primary regulation, UK CSDR, will be amended to reflect that T+1 will be mandatory from 11 October 2027.

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The TRADE

FEBRUARY 24, 2025

The UK will move to T+1 on 11 October 2027, in line with the EU and Switzerland. However, the challenge currently lies in ensuring a successful migration by October 2027. This will require huge investment in technology and process reengineering, not to mention close collaboration between industry banks, custodians, and fund managers.

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The TRADE

MARCH 6, 2025

Read more: UK confirms October 2027 alignment with EU and Switzerland for T+1 transition Asked about the biggest pain points around T+1 implementation across Europe, 48% of the gathered delegate highlighted EU post-trade fragmentation as the number one concern, closely followed by cost and budget implications of tech/automation investment (40%).

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The TRADE

DECEMBER 31, 2024

Market participants readiness for key milestones, like the anticipated go-live of the European consolidated tape (CTP) in 2025 or the transition to T+1 settlement in the UK/EU in 2027, will be critical to ensure long-term success. Whilst these turning points may seem far off, the time to prepare is now.

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Trading Management Financial Institution Investment 52

The TRADE

DECEMBER 20, 2024

The UK has outlined a roadmap targeting Q4 2027, but despite ample time to prepare, significant actions are likely to commence soon. Kaisha Schnoll, assistant vice president, STP Investment Services In 2025, discussions around the UK and EUs transition to a T+1 settlement cycle are expected to intensify.

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The TRADE

JANUARY 17, 2025

There are a few big regulatory changes which are probably not going to go live in 2025, but will need technological and infrastructure-related preparation and change before 2026 and 2027. We already know the date 11 October 2027 less than three years away and people will need time to prepare, which means that the work should starts now.

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The TRADE

DECEMBER 23, 2024

Resolving these issues will be relevant in Europe as well, as T+1 is expected to reach both the EU and the UK by the end of 2027. Under strong political leadership, I am optimistic that the region will be able to catch up with the US in funding innovation and infrastructure and in creating greater wealth for its citizens.

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