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...For example, there would be a one-day mismatch if a manager wished to sell a European stock trading on T+2 and buy a US stock trading on T+1, he said....
...Peter T Jones North Kilworth, Leicestershire, UK...
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...Such T-shirts have sold on eBay for around £60....
...But on May 28, that two-day process will become a one-day process, or T+1. The aim is laudable — time is risk....
...While the ETF itself will settle on T+1, some of the underlying components of the ETF may be in markets that settle at T+2 or T+3....
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...Most US settlements will move from T+2, or two business days after the trade is agreed, to T+1....
...Their problem isn’t, or isn’t just, a lack of conscience. They aren’t even all that good at nationalism....
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From Professor Photis Lysandrou, Department of International Politics, City, University of London, London EC1, UK
...But I think the idea that you shouldn’t talk to anyone whose views you don’t share 100 per cent is absolutely wrong.”...
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