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.
