Schroders Benefits From Calastone's Automation Efficiencies

Schroders has signed an agreement to offer dealing in its funds via Calastone Limited. Schroders' mutual fund third party administrator, International Financial Data Services (IFDS), has connected to Calastone and, as a consequence, Schroders can take advantage of STP efficiencies,

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Schroders has signed an agreement to offer dealing in its funds via Calastone Limited.

Schroders’ mutual fund third party administrator, International Financial Data Services (IFDS), has connected to Calastone and, as a consequence, Schroders can take advantage of STP efficiencies, not only from the automation of the entire lifecycle of mutual fund trades including settlement, but also by taking advantage of the business flow process automation achievable by Calastone connectivity.

All the transactions can now be tracked and exceptions managed on a real-time basis via the Calastone EMS.

“IFDS has been instrumental in assisting Schroders to connect to Calastone and has been an early adopter in realising the efficiencies and savings it can offer its clients,” says Kevin Lee, managing director, Calastone. “There is nothing to prevent all IFDS’s fund management clients from benefiting from lower costs and increased distribution.”

“We have been impressed with Calastone and IFDS’s collaboration to offer greater choice for the mutual fund community,” says Alex Murton, Funds Services, Schroders UK. “Healthy competition will only benefit the fund industry by reducing transaction costs. We look forward to embracing the opportunities Calastone’s global reach will offer.”

L.D.

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