Ordering Funds

To minimise errors and reduce risk, Vestima+ populates orders with the reference data. In addition to the order information itself, messages are validated against fund distribution restrictions, settlement currencies, etc. Trading and settlement-related information is automatically added, based on the standing data stored in the Order Issuer’s profiles.

Orders are then forwarded to the relevant Order Receiver. If accepted, a confirmation is sent electronically to the Order Issuer. All orders processed by Vestima+ are tagged with a Distributor Identification Code (i.e. dealer code, agent code, register number, etc.) so Order Receivers can correctly identify the Order Issuers.

Third party Order Approvers can control the order flow.