Stats › Active, passive and flows › Settlement cycle
T+1 cut the US clearing fund by $3.0bn, or 23%
A 23% reduction in collateral held against settlement risk, achieved by removing one day from the cycle. Source: SIFMA, ICI and DTCC T+1 After Action Report.
US share trades settle one business day after the trade, T+1, since 28 May 2024. The clearing fund held against settlement risk fell from $12.8 billion to $9.8 billion. Trade affirmation rose from 73% to about 95% and fails did not rise.
T+1Settlement cycle
$3.0bnClearing fund released
23%Reduction in collateral
73% to 95%Affirmation rate
Members only
The rest of this page is for members
Below this point there are 8 sections, 2 charts and 3 named sources, roughly 1050 words of it. Every figure carries the source it came from and the date the data is from.
You can keep browsing every statistic in the library for free. The intro and the summary are always open.