Tata Consultancy Services Takes On T+2
October 21, 2014
Financial Technologies Forum, www.ftfnews.com
TCS’ Vivekanand Ramgopal shares his views about how the move to a shorter settlement cycle results in higher liquidity, lower risks and other benefits
Vivek says, “There will be benefits from liquidity. The amount of money that gets locked up for a less amount of time, which means the risk management procedures has to be sharper. It means that what you get done in 3 days now gets done in 2 days. Your money is locked for 24 hours less which internally leads to greater liquidity.”
Watch the complete interview here.