The transition from a T+3 to T+2 settlement cycle continues to be an ongoing industry-wide initiative with a target go-live date of September 5, 2017. Many firms have performed assessments of their preparedness for the necessary operations and technologies, and are well on their way to completing the design and development phase. As organizations modify and reshape the day-to-day processes and infrastructure necessary for a successful migration, the need for robust end-to-end testing is paramount. Conducting thorough testing will be a critical step in the journey and will serve as the validation point for readiness.
Capco counsels clients to be proactive in their approach to managing this transition. We encourage clients to think critically about establishing practical plans for the facilitation and execution of testing, both internally and externally across the industry. With less than a year-and-a-half until the migration go- live date, firms should be finalizing their strategies and beginning to coordinate execution broadly across internal channels. Capco has a unique approach to various considerations in this space, as well as expertise in leading large migration initiatives with a focus on testing.