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Bankowość · 11/09/2017

Securities Transaction Settlement Cycle

The OCC and the FDIC ("Agencies") are proposing to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The Agencies' proposal 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.

Source: Federal Register — Office of the Comptroller of the CurrencyOpen original release →