Open Call: SEC Proposed Amendments to Shorten the Settlement Cycle from T+2 to T+1

To help raise awareness and educate the broader industry on the Securities and Exchange Commission (SEC) proposed rules that would shorten the settlement cycle from two business days (T+2) to one business day after trade date (T+1), STA is pleased to provide a recorded Open Call that features subject matter experts from the Depository Trust & Clearing Corporation (DTCC).


On February 9, 2022, the SEC proposed to adopt rules and rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (T+2) to one business day after trade date (T+1).

The Commission also requested comments on a number of aspects of its proposed rules and rule amendments, as well as on considerations relating to shortening the standard settlement cycle to the trade date (T+0).
There is a high likelihood that these amendments will pass. This will require a change of behavior by all parties involved in the execution and allocation of trades. STA recommends that traders, sales traders and middle-office personnel gain a working knowledge and appreciation of the SEC’s proposal.


Robert Cavallo


Clearance and Settlement Product Management


Full bio

Helpful Links & Key Dates

Press Release with Fact Sheet & Rule Proposal

Comment Letters due by April 11, 2022

Compliance Date – March 31, 2024

Industry Resources w/ T+1 Playbook