The shift toward implementation of a T+1 settlement cycle in the US is underway. That means brokers, banks and asset managers should act promptly to prepare for the shortened time frame for clearing securities trades. The corporate actions operation is a key part of this process.
Adam Cottingham, head of asset servicing at SmartStream, sat down to discuss the changes that T+1 settlement will bring to corporate actions. In this interview, he examines the operational and infrastructural compression that will occur, the ways that wider market practices will shift because of T+1, the challenges that will arise for manual processes, and what steps need to be taken now to prepare for the transition.
Watch the video below to learn more.