ISDA Publishes Equity Derivatives T+2 Settlement Cycle Protocol

ISDA Publishes Equity Derivatives T+2 Settlement Cycle Protocol

LONDON, August 2, 2017 – The International Swaps and Derivatives Association, Inc. (ISDA) has announced the launch of the ISDA 2017 OTC Equity Derivatives T+2 Settlement Cycle Protocol.

The Protocol is designed to help market participants amend the terms of certain equity derivatives transactions to reduce the settlement cycle from three business days (T+3) to two business days (T+2).

This will align market participants with the change in the settlement cycle for most securities transactions in shares that trade on exchanges in the US, Canada, Mexico and Peru, to be introduced on September 5 this year. This process has been driven by market participants to help reduce risk and enhance global settlement harmonization.

Please visit the Protocol Management section of the ISDA website to read the Protocol, updates to the list of adhering firms and a frequently-asked-questions document.

For Press Queries, Please Contact:

Nick Sawyer, ISDA London, +44 203 808 9740, nsawyer@isda.org

Michael Milner-Watt, ISDA London, +44 203 808 9727, mmilner-watt@isda.org

Lauren Dobbs, ISDA New York, +1 212 901 6019, ldobbs@isda.org

Amanda Leung, ISDA Hong Kong, +852 2200 5911, aleung@isda.org

About ISDA

Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 875 member institutions from 68 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s website: www.isda.org.

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc.

 

Documents (1) for ISDA Publishes Equity Derivatives T+2 Settlement Cycle Protocol

Response on Commodity Derivatives Markets

On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...

Episode 50: The Value of Derivatives

A new report from ISDA shows that companies all over the world use derivatives to alleviate uncertainty, transfer risk and enhance profitability. ISDA discusses the findings with Boston Consulting Group’s Roy Choudhury. Please view this page via Chrome to access...