State Street and International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST Systems, Inc., have released a new solution to support offshore T+0 money market funds to be accepted on the National Securities Clearing Corporation platform (NSCC).
We are pleased to announce the deployment of a solution to allow offshore T+0 money market funds to be accepted on the NSCC. As part of our ongoing commitment to remain the market leader by expanding our support and distribution capabilities for promoters, this represents another valuable tool that is available to our clients, says Paul Kelly, managing director of IFDS Ireland.
IFDS and State Street provide transfer agency, wealth management and investor record-keeping solutions for a wide range of institutions, distributors, advisers and investors in Australia, Canada, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Singapore, Switzerland, the UK and the US.