The UK is transitioning to a faster securities settlement cycle known as T+1, with trades settled one day after the transaction date. This move is part of the broader efforts to enhance the efficiency and security of financial markets.
The UK Government has accepted the recommendations of the Accelerated Settlement Taskforce (www.gov.uk), and the transition to T+1 is set to take place on 11 October 2027. This change aligns the UK with other global markets, such as EU, which is also expected to move on 11 October 2027, and the US, which already moved to T+1 in May 2024, with the aim to reduce risks associated with the current two-day settlement cycle.
As a key partner to the UK Accelerated Settlement Taskforce (ww.acceleratedsettlement.co.uk), Euroclear UK & International is proud to take on the secretariat role, providing the taskforce and the industry with the support needed to drive this important transformation.
Efficient securities markets are essential for fostering prosperity among companies, governments and investors - the very essence of the financial sector's purpose. As a linchpin infrastructure within this ecosystem, we are committed to collaborating with all stakeholders towards a synchronised transition in the UK, harmonised with EU and Switzerland, thus modernising our markets to meet evolving global practices.
