T+1 Dividend Processing FAQ
Considerations for dividends of securities in a T+1 environment:
In support of regulatory mandates to implement T+1 protocols, SIFMA has developed through consultation with industry participants these FAQs for scenarios involving the treatment of dividends of securities as it relates to the transition to the T+1 settlement cycle in North America on May 27-28, 2024.
This FAQs document is meant to be illustrative only and counterparties to actual transactions should independently verify the accuracy of the information, expand, or modify any recommendations to reflect their own analysis and independent review of implementation rules and requirements.
Refer to this FAQ as part of your firm’s preparation for the transition to T+1.
Considerations for dividends of securities in a T+1 environment:
In support of regulatory mandates to implement T+1 protocols, SIFMA has developed through consultation with industry participants these FAQs for scenarios involving the treatment of dividends of securities as it relates to the transition to the T+1 settlement cycle in North America on May 27-28, 2024.
This FAQs document is meant to be illustrative only and counterparties to actual transactions should independently verify the accuracy of the information, expand, or modify any recommendations to reflect their own analysis and independent review of implementation rules and requirements.
Refer to this FAQ as part of your firm’s preparation for the transition to T+1.
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T+1 Dividend Processing FAQ
SIFMA has developed through consultation with industry participants this FAQ document, which includes: how dividend processing will differ in T+1 compared to when the industry moved to T+2 in 2017; an example of how processing will work in T+1; how dividends for securities listed on multiple venues will be handled; and more.