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SHORTENING THE SETTLEMENT CYCLE: THE MOVE TO T+2 - …

1 SHORTENING THE SETTLEMENT cycle : THE MOVE TO T+2 This information in this report was prepared by PricewaterhouseCoopers LLP (PwC) in conjunction with the Industry Steering Committee (ISC) and as commissioned by The Depository Trust & Clearing Corporation (DTCC). It has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. PwC has exercised reasonable professional care and diligence in the collection, processing, and reporting of information. However, some of the information used is from third-party sources and PwC has not independently verified, validated, or audited the information.

5 EXECUTIVE SUMMARY Following the 2008 financial crisis, the industry has increased its focus on reducing risk, achieving greater transparency, and improving efficiency in …

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