First week of new settlement regime a success

The new settlement regime, introduced by the Irish Stock Exchange (ISE) on Monday, 6 October 2014, makes settlement 33% quicker and went very smoothly according to Brian Healy, Director of Traded Markets, Development, Operations at the ISE.

"The ISE was part of a Europe wide change to improve the settlement efficiency for investors, market participants and issuers. The market-wide transition happened without a hitch", he said.  

“The Irish market has moved to a shorter settlement cycle for equities and Government bonds – known as T+2; the practical effect of this change will be that investors will have their trades in these securities settled quicker - in two days rather than three. It is a real service improvement”, he added.

"This change will benefit companies listed on ISE markets as it provides a harmonised EU settlement regime and further reduces risk, providing more streamlined settlement for European and non-European investors alike”, he concluded. 

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CONTACT US

Ailish Byrne, Head of Public Affairs and Communications at the Irish Stock Exchange, Dublin

Ailish Byrne

+353 1 6174266

ailish.byrne@ise.ie

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