Automated management of fund orders provides increased security, lower administrative costs and greater transparency in order flow. It benefits both distributors and fund managers, and ultimately also the end investor.
A large proportion of the order administration within funds trading in the Swedish market is still done by using fax and email. Manual processing entails both high administrative costs and unnecessary operational risks.
Our fund service removes manual processing and automates the order flow. We believe in the benefit of using standards and processes for fund messages and are continuously engaged in making improvements together with other players in the market in order to meet the market's needs, both internationally and locally.
Just as with other securities that we manage in our securities system, our fund service has the same security requirements and supervision from authorities.
As a fund distributor, it is simple to transition to our automated order management, which creates faster, more secure and more effective funds trading. The difference is that all processing in connection with purchase and sale takes place automatically, and you can follow each order in real time. You can also receive automatic reconciliations on a daily basis.
It is simple to implement and start using our service for digital fund order processing. You can connect to our service without replacing your existing system. We have vast experience of collaborating with different system suppliers in the market, and we take care of the implementation. This means that you can continue to use the same interface and suppliers as today.
Furthermore, we can offer a payment solution where you avoid counterparty risk. The order and payment arrive simultaneously at the fund company.
Euroclear Sweden's fund service includes:
- Automated order management where we can also help with payment and reconciliation
- Settlement where we book the fund transaction in a nominee account in VPC
Euroclear Sweden's fund service offers the opportunity to affiliate with the Euroclear group's international fund offering. You are thus able to offer your clients a very large range of international funds.