Euroclear has announced it will extend the daily cut-off time for settlement instruction submissions – known as the Input Disable deadline – effective Monday 20 October from 20:00 to 21:00 (UK time).
The change gives firms additional time to submit and match settlement instructions on trade date (T), improving readiness for the UK’s transition to T+1 settlement.
According to Euroclear, the enhancement aims to reduce the risk of settlement fails, offer greater flexibility for cross-time zone participants, and support early transaction matching.
The update completes recommendation SETT 02 from the UK Accelerated Settlement Taskforce’s implementation plan.
It also marks another step in enhancing operational resilience ahead of the upcoming move to a shorter settlement cycle in 2027.
In October, European Securities and Markets Authority (ESMA) published its final report on proposed amendments to settlement discipline rules in Europe, with a view to enhancing post-trade efficiency ahead of Europe’s switch to T+1 in 2027.