{"id":20450,"date":"2025-06-05T13:43:51","date_gmt":"2025-06-05T11:43:51","guid":{"rendered":"https:\/\/www.amafi.fr\/?p=20450"},"modified":"2025-06-05T13:45:46","modified_gmt":"2025-06-05T11:45:46","slug":"settlement-transiton-to-t1","status":"publish","type":"post","link":"https:\/\/www.amafi.fr\/en\/settlement-transiton-to-t1\/","title":{"rendered":"Settlement &#8211; Transition to T+1"},"content":{"rendered":"\n<p>The ambitious goal of transitioning to a one-day settlement cycle, or T+1, scheduled for 11 October 2027, has spurred a raft of changes, including a revision of the EU\u2019s Central Securities Depositories Regulation. The European Council and Parliament recently endorsed two key proposals for the regulation that have been a major focus for AMAFI (<a href=\"https:\/\/www.amafi.fr\/pdf-viewer\/?id=19845\">AMAFI\/25-22<\/a>) and are designed to preserve orderly markets:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ability to temporarily suspend payment of default penalties in the event of a crisis;<\/li>\n\n\n\n<li>An exemption from T+1 settlement for securities financing transactions.<\/li>\n<\/ul>\n\n\n\n<p>With ESMA readying technical standards for the same regulation, AMAFI set out its positions on several critical issues for the switch to T+1 (<a href=\"https:\/\/www.amafi.fr\/pdf-viewer\/?id=20127\">AMAFI\/25-37<\/a>), emphasising the need for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Standards that are consistent with work being done in industry.<\/li>\n\n\n\n<li>An approach based \u2013 at least initially \u2013 on existing market practices rather than new rules, in line with the Commission\u2019s simplification goals.<\/li>\n\n\n\n<li>A sufficient transition period to allow participants to adapt, instead of starting application in January 2026.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ambitious goal of transitioning to a one-day settlement cycle, or T+1, scheduled for 11 October 2027, has spurred a [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":19499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[122],"tags":[],"class_list":["post-20450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/20450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/comments?post=20450"}],"version-history":[{"count":2,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/20450\/revisions"}],"predecessor-version":[{"id":20454,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/posts\/20450\/revisions\/20454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media\/19499"}],"wp:attachment":[{"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/media?parent=20450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/categories?post=20450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amafi.fr\/en\/wp-json\/wp\/v2\/tags?post=20450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}