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The ²ÝÝ®tv FMA Foreign Exchange Committee (FXC) has put together a detailed Briefing Note addressing the essential aspects of the upcoming USD T+1 Securities Settlement. Commencing on May 28th, 2024, this significant shift in the US Securities Settlement system is anticipated to have far-reaching implications on the Foreign Exchange (FX) landscape.
The Briefing Note, crafted by industry experts within the ²ÝÝ®tv FMA FX Committee, explores the details of the USD T+1 Securities Settlement, offering valuable insights into how it may reshape the future of the FX market. The document can be found below and serves as an important resource for market participants seeking a deeper understanding of the evolving dynamics.
Highlighting concerns raised by ²ÝÝ®tv FMA FX Committee members, the Briefing Note emphasizes the need for proactive preparation among FX Market Participants. The ²ÝÝ®tv urges its members to actively engage with the contents of the Briefing Note and encourages the distribution of this resource within professional networks to foster a broader comprehension of the changing FX domain.
As the May 28th deadline approaches, Market Participants are strongly advised to conduct a thorough review of their processes, engage with partners, and proactively prepare for the challenges posed by the imminent shift to T+1 Settlement in the US Securities Market.
²ÝÝ®tv FMA remains committed to providing timely and insightful information to ensure its members are well-equipped to navigate the evolving financial landscape.
²ÝÝ®tv FMA Briefing Note USD T+1 Securities Settlement and the Impact on FX_.pdf