Subject: File Number S7-05-22
From: Kermit Kubitz
Affiliation:

Apr. 11, 2022



It is entirely appropriate to shorten the settlement date for securities transactions from two days to one day for most, virtually all 

securities transactions. Modern technology makes it easy to record and process securities sales and purchases, and shortening the period for settlement will reduce risk, and reduce the holding period for securities firms which float on sales proceeds.