Clearing & settlement cycles: the journey to T+1

Elixirr is proud to present Challenger Network News, the show that takes your weekly news round-up to the next level. Hosted by John Stefani, Principal at Elixirr, we debate the top news stories of the week alongside industry experts.

In 2017, financial services made a pivotal step shortening clearing and settlement cycles from 3 days (T+3) to 2 days (T+2). Fast forward 4 years, and the industry has been challenged with preparing for the next jump – 1 day settlement cycles (T+1). But with T+1 cycles (and even shorter cycles) already being used for other products, what has been the reason for the lag? And is T+1 even the right way to go?

Watch episode 13 of Challenger Network News, where we speak to Lana Calton, Senior Managing Director at Hilltop Securities, about the journey to T+1.