Subject: File No. S7-05-22
From: Degen Mahdere

February 17, 2022

This is a very good idea, shortening the settlement time can only make the market more stable and efficient. The only issue I see is how long the implementation takes, from what I read is by 2024? This is something that needs to happen ASAP without any delays. The ideal settlement time would be same day instead of the proposed T+1.

Thank you.