Latin Clear Joins Clearstream Funds Platform As Transfer Agent

Clearstream has signed Latin Clear Panama as the first transfer agent (TA) to join its investment funds platform, Vestima.

Investment funds domiciled in Panama will be eligible for order routing, settlement and custody at Clearstream.

The Vestima suite of services provides centralized delivery versus payment (DVP) settlement services based on synchronous exchange of cash and securities between fund distributors and transfer agents.

The cooperation with Latin Clear was key in light of the company’s Latin America funds strategy as it allowed international investors to gain easy access to these financial instruments, said Philippe Seyll, member of the Executive Board of Clearstream and head of Investment Funds Services.