European asset managers face almost 40% of trades falling outside of CLS cut-off due to custodian deadlines
The TRADE
MARCH 14, 2024
More than a third of FX trades from European asset managers would have to settle outside CLS following the US shift to T+1 and therefore carry increased risk, a leading association has found through new research. T+1 implementation today does not represent an absolute reduction of risk in the system.
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