Euroclear rolls out its FundSettle platform in Asia

The new system will streamline the placement, processing and settlement of mutual fund trades for distributors.

After 12 months of operation in Europe, Euroclear is about to start marketing its FundSettle platform to Asian distributors of mutual funds. Designed to streamline the placement, processing and settlement of fund sales and redemptions, the system will be first offered in markets with high offshore fund penetration such as Hong Kong and Australia.

FundSettle allows third party distributors to process mutual fund sales and redemptions through an electronic platform using web technology. The system already gives...

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