Episode 281: Countdown to T+1

Waters Wavelength

Joining Wei-Shen on the podcast this week is Val Wotton, managing director and general manager for Institutional Trade Processing at the DTCC. They talk about the time left to US T+1, the assessment of firms’ readiness, as well as the SEC’s rule on affirmation rates. 5:30 – Val joins the podcast and gives an overview of his role at the DTCC 7:00 – The T+1 finish line is in sight 9:00 – Val walks through the status of affirmations in the industry 12:30 – Investment managers have three options 16:00 – FX funding is another challenge 19:30 – The SEC’s targets, potential consequences, and focus on adhering 31:00 – Move to T+1 in Europe, the UK and Asia