Accelerated Settlements: T+1 in the EU & UK – Q3 2025 Pulse Survey Key Findings
Accelerated Settlements: T+1 in the EU & UK – Q3 2025 Pulse Survey Key Findings
Progress, pressure, and the road to 2027 – new data reveals how far firms have come and where work is needed.
The Key Results of ISSA’s latest “Accelerated Settlements: T+1 in the EU & UK” pulse survey, provides a clear picture of how the EU and UK are progressing toward accelerated settlement. Our research was conducted in collaboration with the Value Exchange, and in partnership with T+1 Accelerated Settlement Taskforce, DTCC, Euroclear and Clearstream, and backed by other leading industry associations EFAMA, ISITC, ASIFMA, IA, ECSDA and EBF.
Based on feedback from over 350 market participants, the data highlights both momentum and mounting complexity across the region.
Key findings for the UK:
- 66% of the industry is now in project mode for T+1 in the UK, a positive position compared with the North American transition this far ahead of the deadline
- The UK industry plan is on-track for 2027, although the Asia-Pacific region has work to do to catch up
- Less than a third of firms are confident that service providers will be ready to support T+1 in the UK
Key findings for the UK:
- 65% of firms are engaged on T+1 in the EU
- 65% of EU T+1 project work is expected to be completed by the end of 2026, with counterparty testing slated for 2027
- Settlement efficiency, after years of investment, is the single biggest area of impact for T+1 in the EU
The findings also highlight the cost differences for implementation:
- Implementing T+1 in the UK will cost less than USD 1 million for the majority of firms
- Whereas T+1 in the EU is set to cost banks and brokers at least USD 2 million
As we move closer to implementation, discover full details of the key risks, how firms are preparing, and what you should focus on next, by downloading the Key Findings Report:
Please use the following link for Key Findings Report