kaal:claim:3411110-026

Near instant settlement creates its own regulatory problem: there is no practical ability to correct trade errors when settlement is same day, whereas the T+2 or T+3 structure supplies a correction window even as its delay causes other trading violations.

Settlement-related issues (e.g., no practical ability to correct trade errors because of same-day / near-instant settlement versus T+3 / T+2 structure).

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), V. Overcoming Regulatory Uncertainty, p. 21
https://ssrn.com/abstract=3411110 · source PDF

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

• same day or near instant settlement compared with T+2 and T+3

failuresupport: arguedfailure: no error correction window under instant settlementfamily: liquidity-and-market-structure-failurerisk-and-incentives

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