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T+1 Settlement Transition in Europe

Navigate Europe’s T+1 shift with scale, connectivity and operational confidence

What we do

OUR VALUE

The move of European jurisdictions (European Union, United Kingdom, and Switzerland) to a T+1 settlement cycle should help reduce credit, market and liquidity risk, improve data accuracy and align settlement cycles more closely with other markets.

BNY helps clients prepare for the transition through a combination of global scale, direct market access and embedded automation. Our broad footprint and inventory depth support resiliency and reallocation under compressed timelines, while our connectivity to CSDs and local European presence enable confident execution. Across the lifecycle, automation and straight-through processing help reduce manual touchpoints and drive faster, more reliable settlement outcomes.

What we offer

OUR SOLUTIONS

Execute
Middle Office
Settlement
Foreign Exchange
Servicing
Liquidity Management

Our Execution Services platform delivers multi-asset execution with global market access and real-time insights that help clients achieve performance and control. 

We provide full allocation and confirmation services, as well as proactive settlement monitoring services, to enable timely settlement.

Our comprehensive settlement and safekeeping services provide direct access to major European markets and a standardized access model.

Our foreign exchange (FX) solutions offer transparency and execution efficiency, supporting a T+1 environment through same-day execution.

Data & Analytics solutions provide predictive analytics integrated into client’s operating model to help better address operations and oversight.

Our Securities Lending program’s scale and automation helps to minimize the need to recall, reducing the risk of fails.

Detailed analytics on performance enable proactive outreach and more timely issue resolution.

What you gain

BENEFITS AT A GLANCE

Settlement Efficiency

Direct market access and streamlined workflows reduce bottlenecks, shorten instruction cycles, and improve matching rates.

Data-Driven Decisions

Enhanced settlement data and improvements to standard settlement instructions (SSI) help clients avoid errors, accelerate matching and lower penalty exposure.

Cross-Market Consistency

Integrated execution, clearing, collateral and custody across domestic and international models deliver a single-operating partner experience, limiting fragmentation.

Intraday Execution

T+1 requires faster funding and intraday readiness; our FX/markets integration and operational precision support timely payments and allocations. 

Business Continuity

Performance and lending activity remain stable; clients get clear deadlines while we orchestrate the complexity.

Operational resilience

Maintaining high system availability, rapid issue resolution, and proactive contingency planning helps minimize disruptions and safeguards client assets.

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T+1 TRANSITION RESOURCES

Frequently Asked Questions

Learn more about T+1 and the key changes that are happening in the markets, including answers to many common questions our clients and counterparties are asking.

Recent Webcasts

T+1 Outlook Webinar: 2026 Year of Action

Our recent webinar discussed the upcoming adoption of T+1 settlement across the EU and UK (slated for October 11, 2027) and featured industry experts from both BNY and the EU/UK industry committees.

T+1 Outlook Webinar: 2026 Year of Action

February 4, 2026

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KEY INDUSTRY GROUPS

READY TO TALK ABOUT
THE T+1 TRANSITION?

Learn how BNY can help