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BRIEF-Fitch says U.S., Canada T+2 settlement to reduce counterparty risks​
September 5, 2017 / 3:13 PM / 3 months ago

BRIEF-Fitch says U.S., Canada T+2 settlement to reduce counterparty risks​

Sept 5 (Reuters) - Fitch:

* ‍Fitch says US, Canada T+2 settlement to reduce counterparty risks

* Fitch says ‍introduction of shortened settlement cycle for most financial products in U.S., Canada to reduce operational, systemic risks between each party

* Fitch says ‍introduction of shortened settlement cycle for financial products in U.S., Canada will also improve capital, efficiency in financial system​​

* Fitch says over long term, T+2 settlement should result in cost savings for trading firms, including trust and processing banks and buy-side firms​ Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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