2024 saw the successful transition of the US, Canadian and Mexican markets to T+1 settlement cycles, adding to the existing volumes of Indian and China securities that settle on a T+1 or T+0 basis today. With settlement cycles now likely to shorten across the world, the SGX is leading a new industry outreach initiative on the possibility of a move to T+1 for Singapore equities in the future and have engaged the ValueExchange (a specialist provider of market research) to help gather and analyse feedback.

Experience to date has shown that the case for and practicalities of a T+1 transition are highly specific to each market and profile of firm and so this new initiative is seeking feedback from all profiles of firm – including Singapore’s leading asset managers. For the avoidance of doubt, a decision on the move to T+1 has yet to be made. doubt, a decision on the move to T+1 has yet to be made.

Having been closely engaged with the T+1 transition planning for the USA and Canada, the ValueExchange is supporting market authorities in Europe and Asia-Pacific as they build their own plans for T+1 – most recently including the Australian ASX (White paper available here).  

This session was facilitated by the ValueExchange’s CEO Barnaby Nelson and covered the following:

• Global experiences with T+1: how T+1 in other markets has impacted global processing so far
• The case for T+1 in Singapore: what are the key drivers and benefits of a potential move
• What would T+1 in Singapore look like: what specific market requirements would there be in Singapore and why would T+1 be different this time?
• Key areas of impact: How would you expect T+1 to impact your different activities across the trade cycle (e.g. FX, middle office, settlements, asset servicing, lending, etc.)
• The roadmap to T+1: what work you would expect to have to undertake to realise T+1 in Singapore and what that means from a timing perspective
• Q&A

Event Details

Date: Friday, 28 February 2025
Time: 10am – 11am (SGT)
Conducted via Zoom.

If you have any queries, please contact the IMAS Secretariat at +65 6223 9353 or at joline_tan@imas.org.sg