Watching The Clock: Preparing For T+1 FX In U.K. And Europe
The UK and Europe are preparing to transition to T+1 settlement by October 2027, following the lead of the United States and a few other countries. This change will significantly impact workflows for asset managers and owners, as it reduces the time available between trades and settlements. The foreign exchange (FX) component of trades is expected to face particular challenges during this transition.
- ▪The transition to T+1 settlement is set for October 2027 in the UK and Europe.
- ▪This change will reduce the post-trade processing window by approximately 83%.
- ▪FX is anticipated to be a major pressure point during the transition.
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