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From Archive 03 February 2004

By PWM Editor

Clearstream to tailor processing services
Clearstream has come up with a new service aimed at solving the order processing problems of Europe’s funds industry. Clearstream has upgraded its existing Vestima service to offer tailor-made services to meet the needs of differing domestic markets. Bruno Zutterling, director of investment funds, Clearstream, said the service would enable fund distributors to select where they wished to settle and whether or not to use Clearstream’s centralised settlement and custody services. The service will be launched first in France and Germany this summer.

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