State Street Corporation and International Financial Data Services (IFDS) has announced today a new solution to support Offshore T+0 Money Market Funds to be accepted on the National Securities Clearing Corporation platform (NSCC).
“We are pleased to announce the deployment of a solution to allow Offshore T+0 Money Market Funds to be accepted on the NSCC. As part of our ongoing commitment to remain the market-leader by expanding our support and distribution capabilities for promoters, this represents another valuable tool that is available to our clients.” said Paul Kelly, Managing Director, IFDS Ireland.
The IFDS group of companies, along with State Street, provides market-leading transfer agency, wealth management and investor record-keeping solutions for a wide range of institutions, distributors, advisors and investors in Australia, Canada, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Singapore, Switzerland, the UK and the US.
