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Each responds to Esma call on shortening settlement cycles | Fintech InShorts: Latest fintech news, analysis by experts

Each responds to Esma call on shortening settlement cycles

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Each responds to Esma call on shortening settlement cycles

January 3, 2024

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Markets Section: Focus on capital markets, exchanges, trade execution, and post-trade settlement in the /markets section.
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EACH’s Response to ESMA: EACH responds to ESMA’s call for evidence on shortening settlement cycles.
Shortening Settlement Cycles: EACH considers T+1 and T+0, highlighting differences and potential impacts on processes.
T+0 Settlement: Describes various types, including instantaneous settlement and end-of-day netting in T+0.
Comparison of Benefits: Compares potential benefits of T+0 against current benefits like reduced funding requirements and anonymized trading.
T+1 in the US and EU: US participants estimate a 24.6% reduction in margin needs; EACH extrapolates a similar potential in the EU.
Smooth Transition Path: EACH emphasizes the need for industry milestones to ensure an efficient transition to shorter settlement cycles.
Additional Resources: References to related papers on the impact of DLTs on CCPs and decentralized clearing.
Trending Section: Highlights Finextra’s top research reports and impact study reports of 2023, as well as recent appointments and conferences.

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