News & Analysis as of

Underwriting Securities Settlement Cycles

White & Case LLP

T+1 Settlement Cycle to Take Effect on May 28, 2024

White & Case LLP on

Beginning May 28, 2024, the new T+1 settlement cycle will apply to most routine securities transactions, which means that the settlement period for most securities issuances and trades will shorten from two business days...more

WilmerHale

SEC Adopts Rules Shortening the Standard Settlement Cycle to T+1

WilmerHale on

On February 15, 2023, the Securities and Exchange Commission (SEC or the Commission) voted to adopt rule changes to shorten the standard settlement cycle for broker-dealer transactions in securities from two business days...more

Akin Gump Strauss Hauer & Feld LLP

It’s OK, Capital Markets Associates, You (Probably) Haven’t Lost a Day to Get to Closing

As we noted in a previous blog, the SEC recently adopted an amendment to Rule 15c6-1(a) to shorten the standard settlement cycle for most broker-dealer transactions from three business days after the trade date (T+3) to two...more

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