Updated: Jan 11
SEC Approves-T2 are you ready?
As we are all aware, the financial services industry, in coordination with applicable regulators, is planning to shorten the settlement cycle for U.S. equities, corporate bonds, municipal bonds, unit investment trusts (UITs), and financial instruments comprised of these security types (e.g. ADRs, ETFs), from the current trade date plus three business days (T+3) to trade date plus two business days (T+2) on September 5, 2017. This week, the SEC gave their approval of the planned change. Click Here to read the full story.
Comply with Ease
Executing and Custodial Broker/Dealers, along with other market stakeholders, will need to assess all of the potential impacts of a transition to a T+2 settlement cycle-including examining how their systems and processes for settling trades would need changed to support their clients, as well as their role in maintaining the integrity of the clearing/settlement system and post trade regulatory requirements.
Loffa's product and service offering helps customers not only comply, but do so in a way that is more efficient than any existing process your firm has in place today.
Relevant to today
Providing a solution in today's world, one that allows you to comply without access to a printer, fax, scanner. One that does not require your workforce to be in the office. A secure solution that has been proving itself valuable over 15 years. The SEC requirements come, and we will be here to meet each challenge.
Getting in front of a challenge, being proactive, that is the best way to pass an audit. Let us provide you with a vision of how your operations can run.