05.05.2025 11:02
Borsa Istanbul has initiated an evaluation process to gather the opinions of market stakeholders regarding the feasibility and effects of transitioning to a T+1 settlement cycle. Significant developments are occurring in global financial markets aimed at shortening the settlement period.
Borsa İstanbul announced that it has initiated an evaluation process to gather the opinions of all market stakeholders regarding the feasibility of transitioning to a T+1 settlement cycle, its potential effects on the capital market, and the possible outcomes for market participants. In a statement from Borsa İstanbul, the following was stated: "As is known, for capital market instruments traded on the Borsa İstanbul Equity Market, the settlement date is applied as the second business day following the transaction day (T+2).
REVOLUTIONARY STEP
Recently, significant developments have occurred in global financial markets towards shortening the settlement period. The United States is set to transition to (T+1) on 28/05/2024, while the European Union, Switzerland, and the United Kingdom have targeted 11/10/2027 for their transition to the (T+1) system. Other global markets are also continuing their efforts to shorten the settlement period in a similar manner.
POTENTIAL IMPACTS OF T+1 WILL BE ADDRESSED
As Borsa İstanbul Group, we respectfully announce to the public that we have initiated an evaluation process to gather the opinions of all market stakeholders regarding the feasibility of transitioning to a (T+1) settlement cycle, its potential effects on the capital market, and the possible outcomes for market participants, with the aim of reducing transaction costs for investors operating in the capital markets, minimizing post-trade risks, and aligning with the post-trade processes of global markets.