European Central Bank Confirms Transition to T+1 Securities Settlement by 2027
The ECB announced that European securities markets will shift to a T+1 settlement cycle on 11 October 2027 to improve market efficiency and competitiveness.
By Orion Desk
The transition reduces the time between a trade and its final settlement from two days to one. The Eurosystem is currently adapting its TARGET2-Securities platform to accommodate this tighter schedule, including adjustments to night-time processing planned for June 2027.
Beyond this immediate operational shift, the ECB is advancing initiatives to integrate tokenisation and distributed ledger technology into financial infrastructure. These developments aim to modernize cross-border capital flows while ensuring that central bank money remains the anchor for stability in emerging digital markets.
Originally published by European Central Bank
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