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Updates from AFME’s Post Trade division on global initiatives related to shortening securities settlement cycles to one business day.


This page is intended as a resource centre, providing market participants with relevant updates on T+1 initiatives. Updates are organised according to region: covering the UK, the European Economic Area (EEA), and the Americas.

AFME is supporting its members and the broader industry in the transition to T+1 in the US and other jurisdictions. Our FAQ document provides an overview of some of the key questions relevant to European-based entities active in US securities markets.

AFME and its members are also key contributors to the Technical Group of the UK Accelerated Settlement Taskforce, and AFME sits on the Steering Committee. Following publication of the report by the Chair of the UK Accelerated Settlement Taskforce (the "Geffen Report"), AFME is providing input the Technical Group work to define an appropriate implementation date in 2027, and identify the market changes necessary to achieve this.

In 2023, AFME established the European T+1 Task Force, to bring together a diverse group of industry stakeholders active in European securities markets. The Task Force contains representation from industry associations representing all types of market participant, including buy-side, sell-side and market infrastructures. This webpage will contain updates relating to the work of the Task Force.

T+1 Update: What have we learned from the US? What’s next for Europe?

During this webinar, our expert speakers discussed the immediate “lessons learned” from the first month of T+1 in the US, and the current state of play in Europe, covering both EU and UK developments.

Topics that were covered include:
•How has the industry managed the expected impact on settlement fails, securities lending, and FX?
• How is the work of the UK technical group progressing?
• What comes next in the EU? How can European jurisdictions best coordinate their approach?


AFME’s Post Trade Division has published a list of FAQs on US T+1 Settlement. This video features AFME's Director, Head of Post Trade, Pete Tomlinson and Pablo Garcia, AFME’s Manager of Post Trade, answering common T+1 queries.


Peter Tomlinson

Director, Post Trade and Prime Services

Pablo Garcia

Manager, Post Trade