Is two years enough time?

The Securities and Exchange Commission has set 2004 as the deadline for when fund companies must begin settling trades a day after they are executed. The events of Sept. 11, however, have increased firms' awareness of disaster recovery plans and highlighted a host of potential problems related to next day settlements-- known as T+1--that had not been previously considered. As a result, the industry is farther from being prepared for T+1 than many had thought, according to industry observers.

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