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Monday, May 24, 1999 Fund Industry Will Need Tech Help for T+1 KPMG conducted an informal survey of over 100 members at the recent ICI General Membership Meeting, about their firms' readiness for T+1, or one day settlement. The results showed a large percentage to be relatively unprepared for a near-term implementation of T+1. With many markets considering a move to reduced settlement periods, it appears that T+1 will happen, it's simply a question of when. Given this compression in the trading process, KPMG posed the following questions to conference attendees: 1. What areas of your organization are in need of assistance to be T+1 compliant?
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