July 25, 2012
Dear Chairman Shapiro;
Apparently India is adopting a T+1 settlement cycle (see attachment.)
Thank you for your consideration of this issue.
Respectfully yours,
Gene Finn
Copyrighted material redacted. Author cites:
T 1 Settlement after RTGS Roll-out. Business Standard, 19 Apr. 2004. Web. 26 July 2012. http://www.business-standard.com/india/news/t 1-settlement-after-rtgs-roll-out/148993/.