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The SEC proposed to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date (T+3) to two business days after the trade date (T+2).
The SEC proposed a rule amendment to shorten the standard
settlement cycle for most broker-dealer securities transactions
from three business days after the trade date (T+3) to two business
days after the trade date (T+2). The proposed amendment is designed
to reduce the risks that arise from the value and number of
unsettled securities transactions prior to the completion of
settlement, including credit, market and liquidity risk directly
faced by U.S. market participants. Link To Article
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