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T+1

Euroclear’s pivotal role in Europe’s transition to T+1

It is massively important that settlement cycles are harmonised across international markets and the EU and the UK have both committed to migrating to a mandatory T+1 settlement regime, with trades settled one day after the transaction date, from 11 October 2027. The transition date was only set after a prolonged period of consultation between regulators, industry trade associations and market participants.

Euroclear was an active participant in these consultations from the earliest stages and has also committed to providing resources to support the transition by leading workstreams, contributing as subject matter experts and offering operational support to our clients as they make their own T+1 preparations.

Euroclear as a Financial Market Infrastructure (FMI) is integral to the ecosystem that facilitates the clearing and settlement of trades and will be at the heart of the migration to T+1.

It is important to recognise that many trades already settle on a T+1 basis. 

We have innovative solutions to assist efficient and timely settlement, from our AI powered tools to support efficient trade matching, Taskize, to help resolve matching and settlement issues and partial settlement services to minimise settlement failures and CSDR penalties.

Pulse survey: How ready are you for T+1 in the UK & EU?

 With the countdown to T+1 well underway, we are gathering a clear picture of UK and EU market readiness and we want your voice in the mix.

Take just 10 minutes to complete the survey and:

  • see where you stand with personalised benchmarks vs peers
  • identify gaps in your T+1 plan across people, processes and technology
  • contribute to industry insight that drives better coordination and readiness

Your input will help shape a collective view on what is ready, what is at risk and where we need to focus ahead of the transition.

Take the UK & EU T+1 pulse survey on https://survey.thevalueexchange.co

The path to T+1 in the EU and the UK

There are marked similarities between the EU and UK T+1 governance structures, with both designed to achieve the broadest range of industry engagement and participation.

Many trade associations are common to both groups, as are many of their members.

Euroclear is fully supportive of both transitions and is committing significant resources until the end of 2027 to support a smooth and seamless transition to T+1 throughout Europe