T+1 is coming on October 11, 2027 to the UK, EU, & CH

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The T+1 challenge for securities finance

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UK Accelerated Settlement Taskforce 

"Recalls Management is the #1 Priority for Securities Lending under T+1"

ESMA 

"We urge all market participants to start planning how they want to prepare for the transition to T+1"

 

Industry-led T+1 webinars

With European implementation deadlines fast approaching, we hosted a T+1 webinar series to share best practice and expert views from lenders, borrowers, and key industry leaders. The series covers how T+1 will impact SBL, Fixed Income, and Collateral Management, as well as what industry participants are doing today  prepare for the transition.

 Speakers include:

  • Claire Burns – Global Head of Securities Lending Operations, Morgan Stanley
  • Andy Dyson  – CEO, ISLA
  • Andrew Douglas – Chair of the UK T+1 Taskforce Technical Group
  • Andy Hill  – Co-Head of Market Practice & Regulatory Policy, ICMA
  • Tim McLeod – Head of Lending & Liquidity Operations, BlackRock
  • Alexander Westphal  – Senior Director, Market Practice and Regulatory Policy, ICMA
  • Andrew Geggus – Global Head of Agency Securities Lending, Triparty Services & MFS, BNP Paribas Securities Services
  • Rickie Smith – Executive Director, Trading Services, J.P. Morgan Agency Securities Finance
  • Scott Schroenn – Regulatory & Public Affairs Specialist, BNP Paribas Global Markets
  • Roy Zimmerhansl –  Head of Capital Markets, WTS Hansuke

 

Your T+1 implementation roadmap

2025

Planning phase

Assess current processes to understand operational costs and risk exposure, identify gaps that impact client service and regulatory reporting, select technology partners who can deliver measurable ROI and competitive advantage.

2026

Building phase

Deploy tried-and-tested and easy-to-integrate solutions, like Recalls Manager, to eliminate manual touchpoints and reduce operational risk, integrate systems for real-time data visibility across the trade lifecycle, train teams to maximize efficiency gains and ensure sustainable adoption.

2027

Testing phase

Industry-wide testing to minimize go-live risk and ensure seamless client experience, refinement to maximize operational efficiency and user satisfaction, final preparations to guarantee business continuity and stakeholder confidence.

October 11 2027

T+1 settlement goes live in the UK, EU & CH

Industry-wide testing, refinement, and final preparations. Industry-wide testing, refinement, and final preparations.

Our T+1 solutions cover the complete trade lifecycle

The only complete front to back solution covering securities lending, repo & collateral
Group 22-1
Pirum TradeConnect

- Real-time direct connection with any counterparty or venue

- Mitigates single point of failure risk

- Optimize trade routes with success rates & cost visibility

- Connects pre-trade, post-trade & collateral management                                       

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Group 16
Loan Release & RQV

- Automated liquidity in real-time

- 99% straight-through processing

- Integration with 4 triparty agents

- Priority based release controls

- Earlier daily processing

- Integration with 4 triparty agents - Integration with 4 triparty agents 

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Group 22-1
Trade Risk Manager

- Real-time visibility for compressed timelines

- Transaction-level risk monitoring

- SSI validation and matching

- Pre-settlement issue detection

- Integration with Loan Release     

      

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Group 18-1
RepoConnect

- Real-time trade comparison & affirmation

- Tools to reconcile & resolve breaks

- Reduce settlement fines via accurate matching

- Ensure accurate risk, position, and P&L while identifying trends and  efficiencies through MIS.

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Group 19
CollateralConnect

- Optimize liquidity in real-time

- Transaction-level risk monitoring

- Intraday collateral management

- Multi-day projections

- Automated optimization throughout

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Group 23 (1)
SPO Automation

- Move USD earlier 

- Automated USD movements

- Time zone optimization      

- Reduced manual intervention. plus more

- Enhanced liquidity management

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Group 18 (5)
CoacsConnect

- Automatic claim notification creation & distribution

- Enhanced STP workflow for claim lifecycle tracking

- Automated claim reconciliation, MIS & reporting for outstanding risk

- Improved oversight & risk management

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Group 20
Recalls Manager

- 24/7 automated recall processing

- Real-time coverage monitoring

- Plug-and-play implementation

- Proven success in upgrading US    clients to T+1 in 2025

- The #1 priority identified by the UK AST

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Group 14 (1)
Returns automation

- Complete the recall-to-return lifecycle

- Seamless integration with Recalls Manager

- STP booking into lender systems

- Automated reconciliation

- End-to-end process visibility

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Why industry leaders choose Pirum

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“By leveraging Pirum’s Recalls Manager product, we can ensure our client programs continue to operate seamlessly during the industry’s upcoming T+1 settlement transition, as well as future regulatory shifts.”

 

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Every day counts

Manual processes that work today will fail under T+1. Automation is no longer optional-it's essential. Early preparation is your competitive advantage — and Pirum has you covered today.
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