Bankowość · 6/7/2018
Securities Transaction Settlement Cycle
The OCC and the FDIC ("Agencies") are adopting a final rule to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC- supervised institutions. The Agencies' final rule is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.
Original source language: Federal Register — Office of the Comptroller of the CurrencyOpen original release →