As the US enters a new era of a faster settlement cycle, the Hong Kong structured products market remains in the T+2 settlement timeframe as some accumulators pivot.
The US equity market’s recent transition to the quicker T+1 settlement timeframe has prompted a discussion in Asia on the implications of cross-border trading and its impact on structured product transactions. [The switch from T+2 to T+1] is tailor-made based on the need of the distributor In Hong Kong SAR, where the equity market relies on the T+2 settlement timeframe, many houses remain in the structured products’ settlement at the current T+2 timeframe, sources said. “[
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