Get started with the transition to T+1

• In the context of the UK’s commitment to move to T+1 settlement by October 2027, what can we learn from the US in terms of the challenges, opportunities and the technological solutions needed to navigate this accelerated environment successfully.
• It is essential for trading and operations professionals focused on regulatory and compliance change to get started now with the transition to T+1 settlement before it is too late.
• So, whether you are an investment bank, asset manager and institutional investor or a broker-dealer and custodian – GFT has the expert guidance available to accelerate your journey.

The transition to T+1 settlement presents considerable challenges for financial institutions. The need for expedited trade confirmation, settlement and reconciliation due to shortened timelines places considerable pressure on operational capabilities.

The UK T+1 ‘Code-of-Conduct’ identifies twelve critical actions in four business areas which must be implemented by all market participants to ensure a sustainable transition to T+1.

Firms must guarantee that their systems and processes are equipped to consistently address these actions, achieve T+1 settlement and uphold high standards of settlement efficiency across various asset classes by October 2027.

We suggest initiating a short discovery engagement to evaluate existing systems and processes. This initiative will serve as the foundation for an implementation plan aimed at assisting your organisation in achieving T+1 settlement.

GFT will review the existing processes, identify areas for improvement and implement technology changes through the Genesis Global Trade Allocation Manager (TAM) platform or through bespoke engineering where required.

Choosing GFT to prepare for T+1 settlement offers several distinct advantages:

• Deep industry expertise
  Specialised knowledge: Extensive experience in the capital markets sector, with a deep understanding of the complexities and regulatory requirements involved in transitioning to T+1 settlement
• Innovative technology solutions
  Advanced tools: Leveraging cutting-edge technologies, including the Genesis Global Trade Allocation Manager (TAM), to automate and streamline trade processes, reducing manual effort and increasing accuracy
• Continuous innovation
  GFT is an AI-centric organisation committed to continuous innovation, staying ahead of industry trends and ensuring that clients benefit from the latest technological advancements.
• Collaborative engagement
  Stakeholder involvement: Emphasis on collaboration with clients, engaging key stakeholders throughout the process to ensure alignment and a successful implementation.

GFT and Genesis Global recently hosted an informative event exploring the required transition to T+1 settlement, featuring an expert panel discussing the challenges and opportunities the settlement provides.

If you have any questions on what was discussed, please don't hesitate to contact us.