Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Edaa delays shortening settlement cycle
Industry news

Edaa delays shortening settlement cycle


02 January 2024 Qatar
Reporter: Lucy Carter

Generic business image for news article
Image: moofushi/stock.adobe.com
Edaa, Qatar’s central securities depository, has postponed the jurisdiction’s shift from a T+3 to a T+2 settlement cycle.

The move, which was originally scheduled for 2 January 2024, has been pushed back to March.

This decision was made in response to custodian requests, and was coordinated with the Qatar Financial Market Authority (QFMA).

Edaa CEO Sheikh Saif bin Abdullah Al-Thani assures that the company’s infrastructure is prepared to implement the shorter cycle.

However, he explains that this longer preparation window will allow market participants, financial intermediaries and custodians to update their systems and notify clients of new procedures.

This will benefit the Qatar financial market as a whole, he adds, encouraging greater investments in securities and providing a faster environment process turnover service.

A shorter settlement cycle aims to improve Qatar’s presence in global capital markets.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →