Clearstream has signed a memorandum of understanding (MoU) with the Stock Exchange of Thailand (SET) by linking their respective fund platforms.
The partnership will link up SET’s FundConnext mutual fund platform and Clearstream’s Vestimas global fund processing platform.
The MoU follows increased demand from foreign investors into the Thai funds market. The collaboration includes order routing facilitiation, asset servicing, and settlement services of investment funds for Thai domestic investment funds.
“We are very pleased to announce the linkage to SET’s FundConnext in order to bring greater access for international investors to the Thai fund industry and potentially allowing Thai investors to seamlessly access the international investment fund markets,” said Philippe Seyll, co-CEO of Clearstream Banking and head of investment fund services.
Seyll added the collaboration is the latest for Clearstream’s Asia funds strategy allowing more international investors to gain easy access to the local fund markets.
The link is to go live in early 2019, and will also provide access for Thai investors to international markets.