SWIFTNet Funds Product Available
Fund managers can now use SWIFTNet Funds for live operations related to order processing, price reporting and cash flow reporting. This is the first stage of SWIFT’s large-scale initiative to support funds processing automation, enabling enhanced profitability, scalability and service levels. The launch follows successful testing of all solution components by pilots Attrax, BNP Paribas Securities Services, BNP Paribas Asset Management, Banca Intesa, Bank of Ireland Securities Services, Barclays Global Investors, Citco Bank, Citigroup, Consorzio Operativo Gruppo Monte Dei Paschi di Sienna, DWS, FETA, Fidelity Investments, JPMorgan Fleming Asset Management, Unicredito Italiano. The original pilots are now joined by additional key fund players who have signed up to use SWIFTNet Funds, including: Bank of New York, Brown Brothers Harriman, Citigroup, Clearstream (Vestima+), Crédit Agricole Investor Services, Crédit Suisse Asset Management Fund Services, Dexia Trust Services (Singapore), Euroclear (FundSettle), Fidelity Investments in the Asia Pacific region, HSBC Securities Services (London, Hong Kong, Singapore), Invesco Asia, Merrill Lynch Investment Management, Schroder Investment Management (Luxemburg and Asia), State Street Bank, Taishin International Bank (Taiwan).