This presentation will identify the many areas of concerns for investors and their agents meeting a settlement timescale of trade date plus one day. North America has set May 27th Canada and May 28th USA next year for their domestic markets to move from T+2 to T+1. International investing into Nth America accounts for around 40% of annual transaction volume. So, it will impact portfolios around the world. ISITC Europe was commissioned by the Swift Institute to undertake and academic research study of impacts on global markets. The analysis of impacts and definition of various challenges makes this watershed settlement change one of wide ranging and complex ever encountered in the international capital markets. Impacting FX, Treasury, Risks transference, costs, and liquidity and more and with ETFs financial product. It could impact working hours and potential movement of listings and businesses to North America. It is not just a technology challenge but also business Many of these areas has not been publicly discussed until now!