Securities Litigation

Twenty-seven European markets are transitioning to a T + 2 settlement cycle today, October 6, 2014. Until today, those markets settled transactions three days after the transaction date; beginning today, securities settlements will occur two days after the transaction date. The move puts Europe ahead of the United States, as the US has a T + 3 settlement date for most of its securities transactions. By shortening the cycle, the European Commission seeks to standardize settlement procedures across all of the affected European markets and to shorten the time needed to observe and ...