Notification: Update to T+2 Settlement Cycle in the Americas

Dear Clients,

Please be notified of upcoming changes to the settlement of transactions in US, Canada Exchanges. On September 5, 2017, and in accordance with new regulatory requirements, the US financial services industry is implementing the reduction of the standard settlement cycle from trade date plus three business days (T+3) to trade date plus two business days (T+2). This change will impact the settlement of Equities, Corporate Bonds, Municipal Bonds and Unit Investment Trusts. September 5 – First T+2 for all Americas markets.

Please consider this information while planning your work and investment decisions during these days.

Should you have any queries, please contact clients@kfe.ee.