SIFMA Supports Move to Shorten Settlement Cycle

SIFMA announced that it supports a move to shorten the settlement cycle to trade date plus two days (T+2) from the current plus three days (T+3) for U.S. equities, corporate bonds and municipal bonds. SIFMA stated that shortening the settlement cycle on a timeframe that is workable for all market participants "can meaningfully benefit investors by reducing systemic risk."

See: SIFMA Press Release.