Euroclear Announces New Services for 'FundSettle Premier' Labelled Funds
Euroclear, with the support of leading fund promoters and transfer agents, is introducing an investment fund ‘quality label’ programme to accelerate automation and STP in fund-transaction processing. According to Euroclear, to encourage more fund distributors to fully automate their back-office operations, it will cost up to 25% less to process fund transactions with the FundSettle Premier label. Fund distributors will also profit from: fast-track settlement due to greater automation and later input deadlines; earlier notification and receipt of corporate-action proceeds, such as dividends; and reduced operating risks.
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