NEW YORK/TOKYO -- As the U.S. prepares to shorten its settlement cycle for equity and corporate bond trades, foreign investors are bracing for potential difficulty in securing dollars before the deadline that could result in failed trades.
In the U.S., it typically takes two business days after a securities transaction before the securities and payments are officially transferred to the parties' respective accounts -- a system known as T+2. This will change on Tuesday of next week to T+1, or one business day after the transaction.
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