T+1 Settlement is Coming May 28, 2024: What Market Participants Need to Know

Starting on May 28, 2024, the standard settlement date for purchases and sales of registered or freely-trading securities (like stocks and bonds) in the United States (meaning the date of the official transfer of securities to the buyer’s account and the cash to seller’s account) will be reduced from “trading day plus two business days” (or T+2) to “trading day plus one business day” (or T+1).