T+1 is coming.
The UK will move to T+1 settlement by October 2027.
That means trades will settle in one day, not two.
Faster settlements, lower risk—but major disruption.
The impact will be huge:
Trading desks must match and confirm trades in hours, not days.
Asset managers must overhaul FX and liquidity workflows.
Custodians must automate securities lending and collateral recalls.
Clearinghouses must adjust netting cycles and margin calls.
Automation is no longer optional.
Manual processes will cause settlement failures.
Firms must act now to avoid penalties and liquidity crunches.
The US, Canada, and India have already made the shift.
The UK must follow—or risk being left behind.
T+1 is not just compliance.
It’s a catalyst for rethinking post-trade operations.
READ MY BLOG FOR MORE, AND HOW MARKET PARTICIPANTS CAN PREPARE.
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