T+2 Settlement and Structured Notes -

Introduction -

In December 2015, the “T+2 Industry Steering Committee” published its Implementation Playbook. The Playbook is intended to provide, among other things, a timeline and milestones that market participants should consider in order to migrate to a two-day settlement cycle for different securities. The migration is intended to be completed by the end of the third quarter of 2017.

In this article, we discuss a few aspects of T+2 settlements especially relevant to structured notes.