Clearstream has expanded its services to include operational processing for funds domiciled in the United Arab Emirates (UAE) within the Clearstream Fund Services ecosystem.
This includes the special purpose domiciles such as the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM).
This enhancement allows Clearstream to support execution activities for various types of funds, including open-ended mutual funds, closed-ended mutual funds, and closed-ended private equity funds (including venture capital funds).
These funds can now be processed through Vestima, a cross-border fund processing platform, for order routing, settlement, and custody.
The inclusion of UAE-domiciled funds is an important step in Clearstream’s strategy to broaden its geographic reach and offer a wider, more diverse range of funds to its global client base.
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