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EU traders race to avoid higher costs as US trims settlement times
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European investors risk a cash crunch and higher costs as firms race to keep up with the move in the US to a T+1 settlement model, named on account of trades taking a day to complete.With Europe and America set to diverge on how quickly trades have to be settled, fund providers are warning that the gap could have a knock-on impact on spreads and custodian overdrafts.Currently,...
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