T+2 Draws Closer to Reality But will new technologies lead to a bump migration? Traders Magazine Online News, August 26, 2016 Rob Daly inShare As the equities, equities options, and fixed-income markets reach the midpoint of their journey to a T+2 settlement window, some within the industry wonder if the migration plan should include disruptive technologies like distributed ledgers. The Depository Trust & Clearing Corp.(DTCC) has fielded such queries from buy- and sell-side clients, according to Murray Pozmanter, managing director and head of clearing agency services at the DTCC. "A few companies have been talking about T+0 and T+1 settlement capabilities and I know that it has resulted in conversations with our customers," he added. However, distributed ledger and other disruptive technologies aren't needed to shrink the settlement window further, said Pozmanter. If the industry follows its existing multi-year migration plan, which was developed using industry consensus, it should be ready for the T+2's go-live date of September 5, 2017. “We don’t envision any hiccups with going forward with the current target,” said Pozmanter.“The whole process seems to be moving along well. All the various industry participants are engaged, the regulators are engaged, and we don’t see any problem with the September date being in place." http://www.tradersmagazine.com/news...st=email&eid=c760b5653d436ab5b94396dbe9d059d1
Its good for covering expensive shorts. One day less you got to pay interest. In some cases (if the period includes weekends or holidays), it can be several days. Will save shorts $