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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.

In February 2025, drawing on insights from over 550 financial services professionals worldwide, we obtained fresh, statistical insights on where and how the journey towards T+1 in the UK is progressing.

Did you know

  • 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.

Key risks identified

The market needs consistency and of clarity rules.

More than 33% of firms believe that their investments into Middle and Back-office processing from US T+1 will pay dividends for the UK transition.

Work on T+1 in the UK looks set to begin in 2026.

Only 6% of UK fund managers expect T+1 to impact their fund dealing cycles for T+1.

Up to 26% of firms are already scheduled to miss the 2026 market deadline for allocations on T+0.

49% of project activity for T+1 in the UK is process transformation.

39% of respondents believe that T+1 will negatively impact their costs – especially in the UK.

Find out more

To download the full report, visit the website of the ValueExchange (thevx.io).

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