HSBC Fund Services Korea Limited has introduced SWIFT capability for its fund administration services on 11 June 2008. It would be the first fund administrator to adopt the technology in Korea.
The introduction of SWIFT will provide a more effective and secured means of communications, allowing HSBC Fund Services Korea Limited to access various organisations located globally as participating members. The automated and timely provision of funds performance information through SWIFT will further enhance Straight Through Processing (STP) procedures in fund administration and provide better services for the increasing number of overseas funds.
The introduction of SWIFT proves our commitment to provide high quality services through continuous investment in the system and technology. says H G Yoo, CEO of HSBC fund services Korea Limited.
HSBC Fund Services Korea Limited, is one of the leading fund administrators in the country. It provides a full range of fund administration services including fund accounting, valuation, reporting and investment compliance monitoring.