User Tools

Site Tools



Notes from

  • stocks, bonds, ETFs are moving to T+1 settlement
  • Markets moved from T+3 to T+2 in 2017
  • U.S. Treasuries have operated under T+1 since 1986.
  • Options and many derivatives also already operate on T+1 and it is typical for mutual funds and CDs.

:?: Is there a reason why we don't have real time settlement in stocks?

:!: It is answered in

Notes from (published date: 2021-02-04)

  • in early 2020, DTC reengineered its night cycle processing
  • intraday settlement finality
  • distributed ledger technology (DLT)
  • predictive financing, real-time reconciliation
  • market structure including derivatives, securities lending, cash borrowing, foreign exchange and collateral processing.
  • “Steampunk Settlement,” a white paper published by Greenwich Associates in partnership with DTCC in September 2019

Notes from (published date: 2021-02-18)

  • a white paper, “Steampunk Settlement,” which Greenwich Associates and DTCC published in June 2019
  • straight-through processing

:?: How to prevent brokers from lending your shares? In particular, how to do this for IBKR, Schwab, and Fidelity accounts?

diary/2024-05/2024-05-24.txt · Last modified: 2024/05/24 21:14 by raju