SWIFTNet Funds Solution Now Live; Major Fund Players Choose Service to Standardise and Automate Industry.ATLANTA -- SWIFT announced today that fund industry players can now use SWIFTNet Funds for live operations related to order processing, price reporting and cash flow reporting. This is the first stage of SWIFT's large-scale initiative to support funds processing automation, enabling enhanced profitability, scalability and service levels. The launch follows successful testing of all solution components by the group of SWIFTNet Funds pilots. The original pilots(1) are now joined by additional key fund players who have signed up to use SWIFTNet Funds, including: APO apo- 1 A prefix indicating a protein component in a conjugated molecule–eg, apoferritin, apolipoprotein, see there 2 Apolipoprotein, see there Asset Management, Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , Brown Brothers Harriman, Cathay United Bank Cathay United Bank is the bank formed by the merger of United World Chinese Commercial Bank and Cathay United Bank, both are the 100%-owned subsidiaries of Cathay Financial Holding Company. (Taiwan), Citigroup, Clearstream (Vestima+), Credit Agricole Investor Services, Credit Suisse Asset Management Fund Services, Dexia Trust Services (Singapore), etb european transaction bank, Euroclear (FundSettle), Far Eastern International Bank (Taiwan), Fidelity Investments in the Asia Pacific region, HSBC Securities Services (London, Hong Kong, Singapore), Invesco Asia, JF Asset Management, OKO Bank, Merrill Lynch Investment Management, Pictet Funds, Schroder Investment Management (Luxemburg and Asia), State Street Bank, Taishin International Bank Established in 1992 Taishin International Bank (or just Taishin Bank) is headquartered in Taipei, Taiwan. [1] (Taiwan). Kathy Shackle shackle a bar 2.5 ft long with an iron loop at either end, used in restraint of large pigs. A chain is threaded through the loops and around the lower hindlimbs of the pig. When the chain is pulled the pig is stretched and is cast with the limbs held wide apart. , Director of Operations - Luxembourg at Fidelity Investments comments: "We have fully supported the set up of a single scalable messaging solution catering for both cross-border and domestic fund distribution since SWIFT first started this initiative. The benefits are sizeable: not only does STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. minimize operational cost and risk, it also allows us to offer best of breed service level to our distributors and end-investors." Frederic Perard, Head of Global Fund Services, at BNP Paribas Securities Services adds: "SWIFTNet Funds is not only about automating the order processing flows; it also allows STP for NAV See navigation system and navigation bar. and cash flow reporting, making our pan-European operations more efficient and more competitive." Commenting on the value SWIFTNet Funds brings to his company, Sanjiv Sawhney, Head of Luxembourg funds processing for Citigroup said, "Not only do fund investors require transparency, they also require the highest possible level of service from fund companies and distributors. As a major global fund player, we value and actively support SWIFT's initiative to help standardise and automate funds distribution processing, in order to build the trust of end investors." SWIFT Ready Funds label SWIFT is also pleased to grant its first SWIFTNet Ready Funds label to CSK CSK see chronic superficial keratitis. for its "X-Gen" EAI product. More than 20 third-party application providers are currently upgrading their products to support SWIFTNet Funds customers, and many are expected to apply for the new SWIFT label. The SWIFTNet Ready label is based on a specific set of criteria to reflect the capability of a product to provide automation in a SWIFT environment in different categories. These criteria are SWIFT-specific and re-evaluated on a yearly basis. (1) SWIFTNet Funds pilots include: Attrax, BNP Paribas Securities Services, BNP Paribas Asset Management, Banca Intesa, Bank of Ireland This article is about the commercial banking company Bank of Ireland. For the central bank of the Republic of Ireland, see Central Bank of Ireland. The Bank of Ireland (Irish: Banc na hÉireann Securities Services, Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. , Citco Bank, Citigroup, Consorzio Operativo Gruppo Monte Dei Paschi di Sienna, DWS, FETA, Fidelity Investments, JPMorgan Fleming Asset Management, Unicredito Italiano. About SWIFTNet Funds SWIFTNet Funds is SWIFT's messaging solution to facilitate automation and STP in the fund industry through the combination of industry standards and the SWIFTNet messaging network. The service caters for both domestic and cross-border fund distribution flows in Europe and Asia-Pacific and is based on a set of new UNIFI UNIFI Università Degli Studi Di Firenze (University of Florence, Italy) UNIFI Universal Financial Industry Message Scheme (business modeling methodology and XML syntax) (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 20022) standards covering: account openings and maintenance, orders, status and confirmations, transfers, holdings and transactions statements, price reporting, cash flow. About SWIFT SWIFT is the industry-owned co-operative supplying secure, standardised messaging services and interface software to 7,650 financial institutions in over 200 countries. The SWIFT community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade. Over the past ten years SWIFT message prices have been reduced over 70%, system availability approaches 5x9's reliability and SWIFT's new IP messaging platform, SWIFTNet, has been launched. For more information about SWIFT please refer to our website: www.swift.com. |
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