Brussels
15 April 2015
Reporter: Stephanie Palmer
Northern Trust looks to Euroclear for efficiency
Northern Trust is cooperating with Euroclear UK and Ireland (EUI) to improve accuracy and efficiency for its investment fund transactions and enhance processing capabilities.

Through the partnership, Northern Trust hopes to provide automated unit settlement capabilities across the funds market, in addition to its existing capabilities for bond and equity transactions.

The EUI solution provides end-to-end automation from the point of placing an order to the settlement, transfer and reconciliation, and also includes processing corporate events.

Justin Chapman, global head of industry management at Northern Trust, said: “As the settlement landscape continues to evolve, Northern Trust is focused on ensuring we can offer the most efficient and accurate processing available.”

“While greater automation is a continuing issue across the funds industry, utilising Euroclear’s fund processing solution, Northern Trust is well positioned at the forefront of this change.”

Katrina Sartorius, head of product management at Euroclear UK & Ireland, added: “Our automated fund services allow our clients to better manage cash and fund unit positions throughout the business day.”

“Northern Trust joins a select band of leading custodians in moving away from the prohibitively high rates of cost and risk associated with manual fund administration. We applaud Northern Trust’s continued pursuit of ever increasing levels of service excellence towards its clients – which today took another step forward by leveraging our integrated, electronic order routing and settlement infrastructure.”

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
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
More news