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 distributors in Europe access to 13,000 funds registered in offshore jurisdictions such as Dublin, Luxembourg and the Channel Islands. By the end of this year, Euroclear hopes to offer access to a complete range of...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222