Our recent five-part webinar series brought together lenders, borrowers, and leading industry experts to share best practices and actionable insights for a smooth transition to accelerated settlement.

The series explored how T+1 would impact Securities Borrowing & Lending (SBL), Fixed Income, and Collateral Management, as well as what industry participants had been doing to prepare for the transition.

Episode 1: Setting the Foundation

The opening session highlighted the key challenges that arose from T+1 and their impact on SBL, Fixed Income, and Collateral Management.

Speakers:
  • Duncan Carpenter – Director of Product Management, Pirum
  • Todd Crowther – Head of Corporate Development and Collateral Services, Pirum
  • Jon Ford – Head of Fixed Income Business Development, Pirum
  • Robert Frost – Global Head of Securities Lending, Pirum

Watch Episode 1

 

Episode 2: Securities Lending

Our expert panel deep-dived into the evolving impact of T+1 on Securities Lending across the US, UK, EU, and globally. Key insights included:

"€70.43 million a month was paid on average in financial penalties in 2024 for settlement failures on the T2S platform, right? So, run that to a full year, call it €850 million and change." – Tim McLeod

Speakers:
  • Claire Burns – Global Head of Securities Lending Operations, Morgan Stanley
  • Duncan Carpenter – Director of Product Management, Pirum
  • Andrew Geggus – Global Head of Agency Securities Lending, Triparty Services & MFS UK, BNP Paribas Securities Services
  • Tim McLeod – Head of Lending & Liquidity Operations, BlackRock

Watch Episode 2

 

Episode 3: Fixed Income

Industry leaders revealed how Fixed Income and Repo businesses had been preparing for T+1. Key insights included:

“You need to have real-time availability of data, know where your inventory is and be able to position yourselves. Because if you don't have effective control over your inventory in these fragmented systems and different data flows, that's going to really hinder the effectiveness of T+1 settlement.” – Rickie Smith

Speakers:
  • Jon Ford – Head of Fixed Income Business Development, Pirum
  • Scott Schroenn – Regulatory & Public Affairs Specialist, BNP Paribas Global Markets
  • Rickie Smith – Executive Director, Trading Services, J.P. Morgan Agency Securities Finance
  • Alexander Westphal – Senior Director, Market Practice and Regulatory Policy, ICMA

Watch Episode 3

 

Episode 4: Collateral Management

This session emphasized that early preparation for T+1 offered a competitive advantage. As one speaker noted:

“Those firms that are actually ahead of this will be the winners out of the process because they're going to be ready to do T+1 ahead of time and capture business.” – Roy Zimmerhansl

Speakers:
  • Ed Corral – Head of Collateral Services, Pirum
  • Todd Crowther – Head of Corporate Development and Collateral Services, Pirum
  • Roy Zimmerhansl – Head of Capital Markets, WTS Hansuke

Watch Episode 4

 

Episode 5: The Future of Securities Finance

The final webinar delivered a powerful message about what was at stake with the 2027 transition:

“T+1 isn't a regulatory compliance exercise. It's actually a competitive exercise. It's how markets and how the individual institutions within those markets remain competitive both in their own jurisdiction but also globally.” – Andrew Douglas

Speakers:
  • Amit Kohli – EMEA KAM Director, Pirum
  • Andrew Douglas – Chair, UK T+1 Taskforce Technical Group
  • Andy Dyson – CEO, ISLA
  • Andy Hill – Co-Head of Market Practice & Regulatory Policy, ICMA

Watch Episode 5

If you have any questions or would like to discuss your firm's T+1 preparedness, get in touch.