Search results for T 1
Finance
Securities industry says stability comes first as T+1 settlement shift gains speed
Discussions are accelerating in South Korea on shortening the stock market settlement cycle from T+2 to T+1, but brokerages and related agencies said stable preparations in back-office operations must come first. They cited issues including foreign investor settlement and currency conversion, securities lending, ETF creation and redemption, and system overhauls. Participants also stressed automation and standardisation, warning that inadequate readiness could undermine settlement stability and market trust.
Finance
Stock T+1 settlement talks gain momentum, calls to bring forward timeline
Talks on shortening South Korea’s stock settlement cycle gathered pace after data showed securities firms earned 180.5 billion won in interest over three years while holding clients’ settlement funds. Park Yong-jin (박용진), vice chair of the Regulatory Rationalisation Committee, urged authorities to bring forward the planned start date of around October next year and to explain progress transparently. Korea Exchange Chairman Jung Eun-bo (정은보) said T+1 is becoming a global standard but stressed stable implementation.
Finance
KRX, KSD and KOFIA to conduct on-site review of shortened settlement cycles in U.S. and EU
Korea Exchange will conduct an on-site review in New York and London from April 27 to May 1 with Korea Securities Depository and the Korea Financial Investment Association to support a shorter stock market settlement cycle. KRX said the trip comes as major markets shift to T+1 settlement. The group plans to review U.S. experience and analyse Europe’s strategy through meetings with market bodies and financial institutions.
