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Accelerated Settlement is the reduction of a financial market’s standard settlement cycle, for example, from T+2 to T+1.
‘T’ being the day the trade is negotiated and ‘+2’ indicating that settlement of the trade occurs two days later.
Benefits associated with Accelerated Settlement may include a reduction in settlement risk, improved market liquidity, or a reduction in operational costs.
ISLA has a dedicated Accelerated Settlement (T1) Working Group. Its mandate is to review the challenges, costs, outcomes, potential benefits and impact to securities lending of financial markets moving from T+2 to T+1 in the United States of America, the European Union and United Kingdom.