UK accelerated settlement - Market survey key findings

How ready is the global finance community for the transition to T+1 settlement in the UK?

To find out, Euroclear, in collaboration with the UK Accelerated Settlement Taskforce, The Depository Trust & Clearing Corporation and industry associations around the world, has commissioned the agency ValueExchange to conduct a market survey.

Drawing on insights from financial services professionals worldwide, we obtained statistical insights on where and how the journey towards T+1 in the UK is progressing.

Latest data from Q3 2025 reveals that 95% of firms are now preparing for the UK’s shift to T+1 settlement, with 60% of firms set to hit key 2026 confirmation headlines.

2025 Q3 survey - Did you know

66% of the industry is now in project mode for UK T+1
The industry plan is on-track for 2027 – although Asia-Pacific has to catch up in 2026
Awareness of T+1’s impact is growing – and it’s going to impact those in North America hardest
Implementing T+1 in the UK will cost less than $1 million for the majority of firms
Expectations of T+1 have improved across the board – but short-term cost impacts look unavoidable

Key risks identified

39% of firms are already scheduled to miss the 2026 market deadline for confirmations on T+0
Less than a third of firms are confident that their service providers will be ready to support key requirements for T+1 – least of all investors
T+1 in the UK risks increasing the cost of (settlement) risk, with failed trades and penalties increasing

What to focus on next

Middle office, FX & fundings will be the most impacted functions

Automation levels are growing – with over 25% of respondents automating their core settlements and corporate actions

85% of firms are planning to change their fund dealing cycle as a result of T+1 in the UK

Over 75% of brokers are looking to increase automation in securities lending, corporate actions and SSIs for T+1

Firms plan significant investment to support T+1: Covering all aspects of the trade lifecycle

The success of T+1 will depend on the strength of the community: Third party dependencies are the most critical factor

2025 Q1 survey highlights

Firms need to accelerate up to 29% of their post-trade instructions for UK trades before 31 December 2026.
Up to 26% of respondents are already planning to miss the first industry target date of 31 December 2026, when all trade allocations and confirmations will need to be completed on trade date.
Given that 76% of respondents see the trade-date processing as the most important enabler to the success of the T+1 transition, it is crucial that firms accelerate their project planning wherever possible to meet this deadline.
To do this, up to 51% of firms feel that they now need more clarity on the specific operational details behind the Taskforce’s industry guidelines to have the clarity to prepare in earnest.
Concerns around the potential for misalignment between these preparation efforts and those in the European Union also stand out as major industry dependencies.

Find out more

To find out more, download the full report.

To find out about Euroclear’s involvement and our efforts for the UK’s accelerate settlement, visit Euroclear for UK settlement acceleration .