T+1 settlement is now live in markets across the U.S., Canada, Mexico, Jamaica and Argentina. Dual-listed foreign securities in Peru also now follow T+1 settlement. We’ve closely monitored all aspects of the transition, including the settlement of T+1 transactions.

We can confirm everything is working as expected. If you have any questions about T+1 settlement or how BNY Mellon products can help you realize the benefits of accelerated settlement, please speak to your BNY Mellon representative.

BNY Mellon T+1 Solution

RESOURCES

Fact sheet

BNY Mellon has the breadth of services and depth of experience to help you stay flexible and adaptive in the face of T+1. Whether you need help with trading, custody, settlement or liquidity, BNY Mellon can support you.

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Latest Insights

AERIAL VIEW

T+1: late for a very important date?

As markets adjust to the reality of one-day securities settlement in North America, what FX and funding complications could laggards face? And what systemic risks are market participants worried about if settlement fails rise?

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INSIGHTS

FX Settlement and T+1: are you ready?

In May 2024, securities settlement in the United States, Canada and Mexico moved from two days to one (T+2 to T+1). The move hopes to reduce counterparty and market risk and lower margin requirements, with a significant knock-on effect on the global FX markets.

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INSIGHTS

T+1: impact on fund managers

As the industry moves to a new T+1 settlement cycle, many fund managers may continue to be unaware of the knock-on effects on FX transactions.

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T+1 Transition Resources

T+1 Settlement Cycle Webinar Series

The transition to T+1 brings new requirements for affirming trades. In April 2024, our experts discussed these changes alongside representatives of the Depository Trust & Clearing Corporation (DTCC).

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What’s the industry perspective on T+1? In March 2024, we sat down with Goldman Sachs Asset Management to compare notes.

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T+1 poses specific challenges for financial institutions in the Asia Pacific region. In March 2024, we gathered speakers from across our foreign exchange, custody and securities lending businesses to discuss these challenges.

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What does T+1 mean for FX trading and securities lending? Our January 2024 webcast featured experts from BNY Mellon and the Value Exchange sharing industry perspectives and discussing operational challenges and potential fixes.

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In October 2023, BNY Mellon came together with the DTCC to look ahead at the impacts of T+1 to clients across our custody and foreign exchange businesses.

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T+1 Information Series

BNY Mellon experts take a deeper dive, highlighting observations and insights throughout the various phases of this global transition.

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T+1 Accelerated Settlement | Frequenty Asked Questions

Frequently Asked Questions

Learn more about T+1 and the key changes that are happening in the markets, including answers to many common questions our clients and counterparties are asking.

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