Melbourne
19 February 2013
Reporter: Georgina Lavers
Securities Lending default image

NAB Asset Servicing connects to Calastone


NAB Asset Servicing has announced the successful connection to the Calastone global transaction network with the business now receiving fund transactions electronically on behalf of fund manager clients.

Calastone is an independent global transaction network for the managed fund industry.

Asset Servicing head of registry services, Anthony Gale, said he was excited by the opportunity to achieve straight-through processing on managed fund transactions that historically have relied on fax and manual data entry.

“Straight-through processing provides benefits to all market participants through the reduction of risk and improved accuracy and timeliness. We certainly won’t be sorry to see the end to the hundreds of faxes we receive on a daily basis.”

“NAB’s participation in the Calastone initiative helps build the momentum across the industry for a straight-through processing solution for managed fund transactions. We look forward to getting all our clients on board over the coming months.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
SANNE hires Hannah Correll Jaeger
22 February 2018 | New York | Reporter: Becky Butcher
SANNE has appointed Hannah Correll Jaeger as head of client relationship management for the Americas to support the company’s growth
Citco: Fund admin for alternatives approaching tipping point
22 February 2018 | London | Reporter: Becky Butcher
Fund administration for the alternatives industry is approaching tipping point, according to the Citco Group of Companies
Benelux trio set to strengthen collaboration on blockchain
22 February 2018 | Brussels | Reporter: Becky Butcher
B-Hive, the Luxembourg House of Financial Technology and the Dutch Blockchain Coalition have signed a memorandum of understanding to strengthen further collaboration in blockchain within the Benelux region
RSA implements SimCorp Dimension
22 February 2018 | Alabama | Reporter: Becky Butcher
The Retirement Systems of Alabama has successfully completed the implementation of SimCorp Dimension
Confluence partners with ICE Data Services
22 February 2018 | Pittsburgh | Reporter: Becky Butcher
Confluence and ICE Data Services have teamed up to help asset managers meet compliance with SEC Modernization and other regulatory reporting requirements
Christopher Bloechle joins LUX Fund Technology
22 February 2018 | New York | Reporter: Becky Butcher
LUX Fund Technology and Solutions has hired Christopher Bloechle as chief technology officer
Custom House appoints David Barry
22 February 2018 | Valletta | Reporter: Becky Butcher
Custom House Global Fund Services has hired David Barry as chief operations officer
More news