Transactions Double In First Year Of Operations For Vestima+, Says Clearstream

The number of transactions processed on Vestima+, Clearstream's electronic order routing service for the investment funds industry has more than doubled since its launch
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The number of transactions processed on Vestima+, Clearstream’s electronic order routing service for the investment funds industry has more than doubled since its launch, a year ago in January 2005, according to Clearstream.

Vestima+ is the automated funds order routing service by Clearstream, which enables participants from Europe’s main domestic markets to select their preferred settlement routes and custody providers from a single entry point, allowing them to route their orders to transfer agencies (TAs) using electronic media like an internet-based workstation or SWIFT messages.

An increasing number of market participants have adopted Vestima+ for its open architecture and flexibility since its launch in January 2005. The volume of investment fund related instructions processed by Clearstream has grown by 103% and the depot business for funds has increased by 80%.

Philippe Seyll, head of Clearstream International Investment Funds services stated, “The success of Vestima+ is the success of a collaborative process of working with market participants to create a solution that meets their needs. As a result, the service is open, unique and innovative and delivers cost-efficiency where our customers need it most. Building on last year’s excellent results we look forward to expanding Vestima+ market coverage in 2006 as well as providing new innovative solutions for the investment funds industry.”

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