GFXC fosters global awareness of T+1 impact on FX

- By Rebekah Tunstead
- 07 Jun 2023

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The Global Foreign Exchange Committee (GFXC) is hoping to raise awareness of the implications of the upcoming shift to a T+1 settlement cycle in the US for the FX operations of non-US firms.

Traders are preparing for a reduction in the time it takes to settle their US corporate debt and equity trades from two days to one day after the trade date, or T+1, on May 28, 2024.

Many outside the US remain in the dark about how the change in the settlement window will impact their FX processes, however

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