# Securities Transaction Settlement Cycle
> **US Federal Deposit Insurance Corporation** · Final rule. · Published 2018-06-07 · Effective 2018-10-01 · 83 FR 26347
## Document
- **Document number:** 2018-12267
- **Category:** final-rule
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 83 FR 26347
- **CFR reference:** 12 CFR 12
- **Publication date:** 2018-06-07
- **Effective date:** 2018-10-01
- **Docket:** Docket ID OCC-2017-0013
## Abstract

The OCC and the FDIC ("Agencies") are adopting a final rule to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC- supervised institutions. The Agencies' final rule is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2018/06/07/2018-12267/securities-transaction-settlement-cycle)
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