Map the trade lifecycle from execution to settlement and identify steps that must move to same-day processing.
Finance & Banking
Preparing Post-Trade Operations for T+1 Securities Settlement
Learn to redesign post-trade workflows, affirmation timelines and funding processes so trades settle reliably within a compressed T+1 cycle.
🗓️Duration5 training days
📚Content4 modules · 8 sessions
🎓On completionAccredited attendance certificate
About the programme
Course Overview
Moving a market from a two-day to a one-day settlement cycle removes an entire day of slack that many post-trade processes quietly relied on, and firms that simply ran their existing T+2 workflow faster found trades failing for reasons that never used to matter: a late allocation, a manual affirmation, an FX leg booked the next morning. This course rebuilds post-trade operations around the compressed timeline rather than trying to compress the old one. Participants map the full trade lifecycle from execution to settlement and identify which steps must move from end-of-day to same-day, including trade allocation, affirmation and matching. The course covers the funding consequences of T+1: securing FX for cross-border trades within a shortened window, timing securities lending recalls so borrowed positions are back in time to settle, and managing custodian cut-off times that no longer allow for next-day correction. Delegates work through a settlement fail root-cause exercise, prioritise which manual touchpoints to automate first, and build an escalation protocol for trades still unmatched close to the deadline, closing with the challenge of trading markets on different settlement cycles at once, so participants leave able to redesign a post-trade operating model that keeps fail rates low under the new timeline rather than reacting to failures after they occur.
Expected Learning Outcomes
Redesign trade allocation and affirmation workflows to complete within a T+1 settlement window.
Plan FX funding for cross-border trades within the shortened time available before settlement.
Time securities lending recalls so borrowed positions are returned in time to settle T+1 obligations.
Conduct a settlement fail root-cause analysis and prioritise automation of the highest-impact manual touchpoints.
Design an escalation protocol for trades unmatched close to the settlement deadline.
Coordinate settlement processes across markets operating on different settlement cycles simultaneously.
Who Should Attend
Post-trade operations managers responsible for settlement processing
Middle office staff handling trade allocation, confirmation and matching
Custodian relationship and securities services teams supporting settlement
Treasury and FX desks funding cross-border trade settlement
Securities lending and collateral teams managing recall timing
Operations project leads implementing settlement cycle change programmes
Course Modules
Select any module to see its sessions and points.
01Mapping the Compressed Trade Lifecycle
2 sessions · 8 points
Session 1From Execution to Settlement Under T+1
- Map each step of the trade lifecycle from execution through allocation, affirmation, matching and settlement.
- Identify which steps previously performed overnight or next-day must now complete on trade date.
- Assess how order management, execution and settlement systems must exchange data faster under the new timeline.
- Distinguish domestic trades, which adapt more easily, from cross-border trades carrying additional funding and time zone constraints.
Session 2Same-Day Allocation and Affirmation
- Redesign trade allocation processes so investment managers confirm allocations within hours of execution.
- Move affirmation from a next-day manual step to a same-day automated matching process wherever possible.
- Identify counterparties and markets still relying on manual affirmation and plan targeted remediation.
- Set internal cut-off times for allocation and affirmation that leave a margin before external settlement deadlines.
02Funding, FX and Securities Lending Under a Shorter Window
2 sessions · 8 points
Session 1FX Funding for Cross-Border Trades
- Plan FX execution timing so currency is available to fund cross-border securities trades within the T+1 window.
- Assess the impact of time zone misalignment on FX funding for trades executed near a market's close.
- Evaluate pre-funding, standing FX facilities and automated FX netting as mitigants to timing pressure.
- Coordinate with custodians on FX cut-off times that determine whether a trade can still settle on time.
Session 2Securities Lending Recalls and Inventory Management
- Time securities lending recall notices so borrowed positions return in time to meet T+1 settlement obligations.
- Assess inventory management practices that reduce reliance on last-minute recalls for anticipated sales.
- Coordinate between securities lending desks and trading desks on upcoming sales likely to trigger recalls.
- Evaluate counterparty recall response times as a factor in securities lending relationship management.
03Reducing and Managing Settlement Fails
2 sessions · 8 points
Session 1Root-Cause Analysis of Settlement Fails
- Categorise settlement fail causes including late allocation, unmatched instructions and insufficient inventory.
- Analyse fail data by counterparty, market and asset class to identify concentrated sources of risk.
- Distinguish fails caused by internal process gaps from those caused by counterparty or custodian delays.
- Quantify the cost of settlement fails including funding cost, buy-in risk and regulatory penalty exposure.
Session 2Automation and Escalation for Unmatched Trades
- Prioritise automation of the highest-volume manual touchpoints identified in the fail root-cause analysis.
- Design an escalation protocol that routes unmatched trades to a resolution team ahead of the settlement deadline.
- Set thresholds that trigger proactive counterparty outreach before a trade is confirmed as a fail.
- Coordinate settlement discipline regime obligations, including cash penalties, into the fail management process.
04Coordinating Across Markets and Sustaining Change
2 sessions · 8 points
Session 1Operating Across Multiple Settlement Cycles
- Coordinate operational processes for portfolios trading simultaneously in T+1 and T+2 markets.
- Adjust internal cut-off times and staffing coverage to accommodate overlapping settlement cycle deadlines.
- Align custodian and prime broker service level agreements with the operating model for mixed-cycle portfolios.
- Communicate settlement cycle differences clearly to clients and investment managers trading across markets.
Session 2Embedding the New Operating Model
- Establish ongoing monitoring of settlement fail rates and cycle timing performance against defined targets.
- Review staffing, technology and vendor arrangements periodically as trade volumes and markets evolve.
- Train operations staff on the redesigned workflow and the rationale behind new cut-off times.
- Capture lessons from implementation to inform readiness for further settlement cycle compression.
What the participant receives
4 course modules
A structured syllabus
8 training sessions
across 5 days
32 detailed points
Applied, detailed content
Accredited attendance certificate
On completing the programme
Complete your registration
We will contact you within one business day to confirm.
Ready to start?
Reserve your seat and start building the skill.