Explainer-What to expect as US moves towards faster stock settlement

By Carolina Mandl

NEW YORK (Reuters) – U.S. markets are set for an upheaval on Tuesday, May 28, when the settlement time for U.S. equities, corporate municipal bonds and other securities will be halved to one day, or T+1, following the adoption of a new Securities and Exchange Commission (SEC) rule in February 2023.…

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