Clearance and Settlement Content

ICI President and CEO Eric Pan urged the CFTC to complete, without delay, its work to address the key remaining implementation challenges raised by its rules on margin for uncleared swaps.

ICI issued a statement in response to the Securities and Exchange Commission (SEC) proposing to accelerate the settlement cycle to trade plus one (T+1).

The Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and the Depository Trust & Clearing Corporation (DTCC) today published a report targeting the first half of 2024 to shorten the US securities settlement cycle from trade date...