The partnership will enable the filing of digital withholding tax refunds with European tax authorities, supported by RAQUEST’s STTI Gateway technology.
Project to target automation, data analysis and tokenisation across funds and credit.
New mandate covers custody and administration for Australian fund launch.
Connection gives French online brokerage access to Euroclear Bank’s international ETF model.
Strong data standards and automation are key to a smooth T+1 shift, but adoption and enforcement can pose challenges, agreed experts at Euroclear’s Modernising Securities Markets conference.
The strategic move comes after Pirum named Ben Challice as CEO in August.
Foreign investors to gain omnibus account access while existing equity and corporate bond arrangements remain unchanged.
The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.
The securities services provider is internalising its operations and opting for a partnership with BNP Paribas in place of its previous setup with Societe Generale Securities Services in Italy and CACEIS in Germany.
The Global Custodian Directory is a single access point to leading Service Providers.
Mandate will cover custody, fund accounting, transfer agency, order taking, ETF servicing, and basket services.
Asset servicing specialist with more than 25 years’ experience previously held senior leadership roles at State Street.
Fund Connect now has six ETF issuers and six APs live on the platform, with more due to join in the coming months.
Individual has also previously worked across securities finance trading and automation at firms including State Street, EquiLend, Merrill Lynch and Goldman Sachs.
FICC submits rule filing with the SEC for approval to offer a new “Collateral-in-Lieu” service as part of its sponsored general collateral offering.
Initiative approved under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme in a bid to reduce manual errors and unlock significant cost savings.