Federal Deposit Insurance Corporation September 11, 2017 – Federal Register Recent Federal Regulation Documents
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Securities Transaction Settlement Cycle
The OCC and the FDIC (``Agencies'') are proposing to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The Agencies' proposal is consistent with an industry- wide transition to a two-business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.
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