據銀行業高管透露,紐西蘭和澳洲預計將在五年內加入全球股票交易次日結算(T+1)的轉型行列。這項轉型將在兩國關鍵的清算和結算系統準備就緒後進行,以適應全球金融市場的發展趨勢。
如果澳洲證券交易所(ASX)能如期在2029年完成其結算平台CHESS的部署,澳洲最快可能在2030年實現T+1結算。考慮到紐西蘭與澳洲市場的緊密聯繫,紐西蘭預計也將在同一時間同步完成這項轉換。
隨著美國、加拿大和墨西哥在2024年率先實施T+1結算,以及英國和歐洲承諾在2027年10月跟進,縮短結算週期的全球趨勢正不斷加速。這種轉型步伐的不一致,目前正對來自T+2市場的投資者在T+1市場進行交易時帶來挑戰與壓力。
New Zealand and Australia are expected to join the global transition toward next-day (T+1) settlement for stock transactions within five years, according to a senior banking executive. This transition will take place once key clearing and settlement systems in both countries are fully prepared to adapt to global financial market trends.
Assuming the Australian Securities Exchange (ASX) meets its target of rolling out its CHESS settlement platform by 2029, Australia could implement T+1 settlement as early as 2030. Given the strong interconnection between the two markets, New Zealand is expected to make the transition simultaneously.
The global shift to shorter settlement cycles is accelerating, with the US, Canada, and Mexico leading the way in 2024, and the UK and Europe committing to the change in October 2027. The uneven pace of this transition is currently creating challenges and pressure for investors from T+2 markets when trading in T+1 environments.