This communication has been prepared by the Australian Custodial Services Association Custody Operations Working Group and is intended to provide some detail of the implementation of a Trade Date plus two business day settlement (T+2) regime in both Australia and New Zealand.

It is critical that clients of Australian and New Zealand custodians are prepared and ready to meet the T+2 settlement implementation in these markets.

This document covers:

• What is T+2?
• What securities are affected by T+2?
• What are the expected benefits of a move to T+2?
• When does the new settlement regime commence?
• What about trades executed just prior to implementation?
• Will the markets’ cut-off times remain the same?
• Will my custodian’s settlement cut-off time change?

And many more questions.

Click here to download your copy of 'The Implementation of T+2 in Australia and New Zealand and impact on custodians and their clients'