Preparing for Trade Date Settlement

Since the market crash of 1987 the global securities industry has struggled to reduce the time between trade date and settlement date.  There are a number of reasons for this but the main driver is risk reduction.  Over the last 31 years the time between trade and settlement has been reduced to two days.  Two reductions, TD+3 from TD+5 and TD+2 from TD+3, have reduced risk but the long term strategic date for settlement of equity and fixed income trades is on Trade Date.

Though it hasn't been formally announced, the global industry understands that they must reach this schedule.  Today's technology, driven by blockchain processing, finally positions the industry to eliminate the lag between trade and settlement date.  Participants across the industry must prepare for this inevitable change.  This program will present the critical issues that must be addressed to affect this change and explore the challenges and benefits associated with facing the industry. 


  • Risks between TD and SD
  • Clearing services and costs
  • New trade to settlement flows
  • Evolving roles of CSD
  • Pitfalls and actions to avoid
  • Benefits of TD settlement


  • Insight into the drivers
  • Get ahead of the curve
  • Be aware of critical issues
  • Help steer local efforts
  • Explore alternatives
  • Head start on internal changes

Staff from the Following Areas Should Attend:

  • Compliance
  • Custody
  • Industry service companies
  • Information Technology
  • Operations
  • Regulatory Reporting