Deutsche Börse’s post-trade processing subsidiary Clearstream gets strategic partner status with Denmark’s leading bank, to consolidate its fund processing activities.
The project sees Clearstream’s system Vestima offered for processing several types of funds on the same platform: mutual funds, hedge funds, private equity funds and ETFs, Clearstream writes in a press release. The provider also writes that it recently launched distribution support services.
Clearstream connects to funds domiciled in 48 jurisdictions, 30 of which are in Europe.
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