Trade Matching and Settlement Services for T+1 Compliance

This document is a guide detailing the compliance requirements for the SEC’s shortened U.S. T+1 settlement cycle, which is set to take effect on May 28, 2024. It outlines the anticipated benefits of this change, including risk mitigation, capital efficiency gains, and reduced margin requirements. The guide emphasizes the necessity for market participants to adopt more streamlined post-trade processes to comply with the new settlement cycle. It describes the services offered by SS&C, which include a single point of integration for post-trade processes, full outsourcing of trade confirmation and settlement management, and a global staffing model to manage booking exceptions. Additionally, the document details the implementation of industry best practices such as electronic matching and allocation delivery, the use of the ALERT database to minimize settlement issues, and automated workflows for trade affirmation and delivery. The guide aims to support investment managers in optimizing their resources and ensuring compliance with the upcoming T+1 requirements.