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Asia-Pacific asset managers face graveyard shift after move to T+1

US decision to shorten trade settlement to one day will leave managers exposed to additional risks

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Many asset managers in Asia Pacific are currently underprepared for the US reduction in trade settlement times from the current two-day cycle (T+2) to T+1 on May 27, industry experts say.

The move could not only leave firms invested in US equities short of funds to complete trades but could also mean staff in Hong Kong will have to complete trade settlements during a shortened daily window between 4am and 7am.

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