EUI to Process IFDS Investment Fund Transactions
International Financial Data Services (IFDS), a transfer agency service provider, is to use Euroclear UK & Ireland (EUI) to process its clients’ investment fund transactions.
Matthew Brown, chief administration officer at IFDS, said: “We continually look at ways to improve operational efficiency in the services we provide in all areas of transaction processing. We support initiatives that automate and standardise processes that help to lower cost and risk. IFDS is pleased to be working with Euroclear UK & Ireland in this regard, helping our users to settle fund transactions using an automated solution.”