Hi everyone, I was just curious to see if there was any documentation or guidance in the usage of tag 63 once the T+1 changes take place in May 2024? Specifically will 63=0 still be the accepted value as “Regular” but now just universally translated as T+1 instead of the current T+2?
The field definition states:
Regular is defined as the default settlement period for the particular security on the exchange of execution.
There is hence no “universal” translation but it depends on the place of execution that may or may not be in the US.