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What you need to know about the U.S. Securities T+1 Settlement :

What you need to know about the U.S. Securities T+1 Settlement :

1. What is US T+1? 

According to the latest regulations of the Securities and Exchange Commission (SEC), starting from 28 May  2024, the standard settlement cycle for transactions in U.S. securities will be shortened from two business days after the trade date (T+2) to one business day after the trade date (T+1).

2. Which securities are affected by the T+1 settlement?  

The T+1 settlement cycle changes apply to the stocks, exchange-traded funds (ETFs) and Real Estate Investment Trusts (REITs) traded on U.S. exchanges. 

3. How could T+1 influence your investment decisions?

For members seeking to hold shares by specific dates to participate in proxy votes or annual meetings, shorter settlement cycles can help them reach this objective with less lead time.

4. How does T+1 impact margin interest?

With the settlement cycle change to T+1 for U.S. stocks, the accrual date for margin interest will start on T+1. However, the settlement cycle for Hong Kong stocks remains at T+2. So you may need to pay attention to your funding arrangements.

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