ɢᴏᴅ ʙʟᴇꜱꜱ ᴛʜᴇ ɪɴᴛᴇʀɴᴇᴛ
Will the T+1 Settlement Affect Bank Wire Transfers?
June 5, 2024 | Banking | GBTI Network
Introduction The recent move by the U.S. Securities and Exchange Commission (SEC) to shorten the settlement cycle for most securities transactions from two business days (T+2) to one business day (T+1), effective May 28, 2024, is expected to have significant implications for the financial markets. This change aims to reduce risks, enhance efficiency, and promote...