USA - Change of settlement cycle to T+1 in the U.S. market

30/07/2024

Since May 28, 2024, the standard settlement cycle in the United States for most inter-dealer securities transactions has been reduced to 1 business day after the trade date (T+1). Due to their proximity to the US market, the Canadian and Mexican markets have decided to follow suit.

The switchover follows just over three years of preparatory work.