VestimaPRIME Data: Clearstream HedgePole partnership

10.10.2018

Following the announcement last year of the new partnership between Clearstream Banking1 S.A. and HedgePole, a specialist provider for hedge funds price and reference data, having entered into a cooperation agreement to provide the market with alternative fund price and reference data services and targeted to improve the quality and depth of our services on Alternative Funds data. This partnership resulted in the successful implementation of VestimaPRIME Data - a service which provides Clearstream Banking customers with a full Reference Data and Pricing service for their alternative funds portfolios.

From

1 December 2018

Clearstream Banking will assign HedgePole as an attorney for all positions it maintains at fund register level in the market, including those in segregated accounts opened for customers. This authorisation which is being requested will solely be as an attorney to enable HedgePole to have efficient access to fund information. Any rights and operations on the account will fully remain under the control of Clearstream Banking.

This next step will allow for the continued improvement of the Clearstream Banking custody service as well as provide easier access for customers using the VestimaPRIME data service.

For this purpose, Clearstream Banking customers must, and are hereby deemed to, waive professional secrecy obligations related to this data and to authorise Clearstream Banking to disclose to HedgePole AG the information they will collect from the administrators on customer segregated positions. This waiver will not apply if an objection thereto is received by Clearstream before 1 November 2018.

More detailed information can be found in the Clearstream Banking S.A. Customer Handbook.

Further information

For further information customers may contact Clearstream Banking Client Services or their Relationship Officer.


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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.