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Custody Risk Winter 2014

No market participants report to Custody Risk any serious challenges associated with the settlement cycle being reduced to trade date plus two business days

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In line with Target-2 Securities, the subject of much discussion during this magazine’s roundtable event at Sibos 2014, on October 6 the standard settlement period for equities traded in Europe was shortened from T+3 – the trade date plus three business days – to T+2.

Everyone now has one day less for margin calls, one day less to recall stock from loan, one day less to sort out foreign exchange

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