On Apr. 8, EUREX Clear issued securities settlement cycle circular.
EUREX Clear issued Circular 019/2026 entitled Shortening of securities settlement cycle to T+1, on industry-wide transition to a shortened securities settlement cycle (T+1) on Oct. 11, 2026, entailing various process and operational adjustments.
Circular Summary
Transition to shortened securities settlement cycle (T+1) represents an industry-wide initiative to reduce counterparty risk, increasing capital efficiency, and harmonize all settlement practices across major financial markets including EU, UK and Switzerland.
A move to T+1 requires participants to adapt operational, technological, and post-trade processes to accommodate reduced timelines, and Eurex Clear already assessed the necessary adjustments required to its clearing processes, to assist all its various users.
To support Clearing Members and clients in their readiness efforts, Eurex Clear had now created a dedicated T+1 Initiative page Shortening of Settlement Cycle to T+1.
The page provides a detailed description of the initiative, including Eurex Clearing’s assessments and a continuously updated set of Frequently Asked Questions (FAQs).
Required Action
Clearing Members and clients are requested to assess potential impact of transition to a T+1 settlement cycle on internal operational processes, to include a review of trade processing workflows as well as funding and liquidity management arrangements.
Members are expected to evaluate if adjustments to internal end-of-day processes or automated processing capabilities are necessary to meet shortened T+1 timelines.
All Clearing Members should regularly check the dedicated T+1 initiative page for any updates and to assess their own operational readiness for the transition on to T+1.
Effectiveness
The transition to a T+1 basis will take place on Oct. 11, 2026, with updates provided.
