Benefit from further deadline improvements for funds on Vestima+ |
6 May 2009
For investment fund orders to those Transfer Agents (TA) recognising Vestima+ as 'trusted source' we are able to align the Clearstream deadline with the fund cut-off. These TAs accept as valid all orders for eligible funds received in Vestima+ up to the fund’s official cut-off time. Key benefits for order issuers - More time available for you to collect and prepare orders received from your own customers
- Reduce the risks of handling orders received late.
TAs supporting Vestima+ as a “Trusted Source”: - European Fund Administration
- Fidelity International
- Franklin Templeton
- MN Warburg
- Nordea
- Schroder Investments
- Unico
Other TAs are implementing the new process in the coming weeks. Already in 2007, we had improved the deadline for orders going through Vestima+ from one hour to 30 minutes prior to the fund cut-off time. We have worked in close cooperation with the regulator, TAs and promoters to further improve our order deadlines since. |
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