With implementation of the Post-Trade Integration Project (Project IPN) completed, introduction of cash equity market settlement in two business days (T+2), adopted in second-half 2017 on the world’s largest markets, has become an important item on the initiative agendas of B3 and its participants. Besides synchronization with the global system, shortening the settlement cycle from T+3 to T+2 offers the Brazilian market significant benefits, including capital optimization and systemic risk mitigation, entailing reduced collateral requirements and increased liquidity.
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