swissSPTC publishes recommendations for T+1 transition in Europe
12 September 2025 Switzerland
Image: BorisStroujko/stock.adobe.com
The Swiss Securities Post-Trade Council (swissSPTC) has published its recommendations for the Swiss and Liechtenstein markets for the T+1 transition in Europe in 2027.
SIX, a primary financial market infrastructure, is participating in the specialised task force and will integrate the swissSPTC鈥檚 requirements in its own project.
The recommendations are the result of an analysis carried out in 2025 with the participation of more than 20 entities from the Swiss and Liechtenstein financial ecosystem.
The swissSPTC, through its dedicated T+1 task force, has undertaken a national initiative to guide the financial markets of Switzerland and Liechtenstein through the transition from the current T+2 settlement cycle to a new T+1 standard.
This change follows months of crossfinancial sector analysis involving institutions from trading, clearing, settlement infrastructures, banks, issuers, and industry associations.
Throughout the process, regulatory and supervisory authorities have been kept closely informed, says the firm.
The proposal framework covers all transferable securities executed on Swiss trading venues and settled within the Swiss central securities depository and SIX.
The swissSPTC has also initiated a market consultation on T+1, open until 10 October 2025.
Additionally, SwissSPTC will present its recommendations, implementation plans, and timeline at an event hosted by SIX on 23 September 2025.
Switzerland and Liechtenstein will move to a T+1 settlement cycle on 11 October 2027, in coordination with the EU and UK.
SIX, a primary financial market infrastructure, is participating in the specialised task force and will integrate the swissSPTC鈥檚 requirements in its own project.
The recommendations are the result of an analysis carried out in 2025 with the participation of more than 20 entities from the Swiss and Liechtenstein financial ecosystem.
The swissSPTC, through its dedicated T+1 task force, has undertaken a national initiative to guide the financial markets of Switzerland and Liechtenstein through the transition from the current T+2 settlement cycle to a new T+1 standard.
This change follows months of crossfinancial sector analysis involving institutions from trading, clearing, settlement infrastructures, banks, issuers, and industry associations.
Throughout the process, regulatory and supervisory authorities have been kept closely informed, says the firm.
The proposal framework covers all transferable securities executed on Swiss trading venues and settled within the Swiss central securities depository and SIX.
The swissSPTC has also initiated a market consultation on T+1, open until 10 October 2025.
Additionally, SwissSPTC will present its recommendations, implementation plans, and timeline at an event hosted by SIX on 23 September 2025.
Switzerland and Liechtenstein will move to a T+1 settlement cycle on 11 October 2027, in coordination with the EU and UK.
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