Joint EFAMA – SWIFT progress report in fund processing standardization

25 May 2009

The survey offers a new tool to measure progress towards electronic and standardized processing of cross-border fund orders, Peter De Proft, EFAMA Director General, notes.

EFAMA published a report on recent trends in standardization and automation rates of fund orders received by transfer agents (TA) in Luxembourg. EFAMA will report on the evolution of automation rates in the two main cross-border fund distribution centres twice a year.

 

The goal of this initiative is to inform all institutions involved in fund processing as well as the European Commission, the European Parliament and other interested stakeholders about the industry’s progress towards greater standardization and automation.

 

The survey offers a new tool to help EFAMA measure progress towards electronic and standardized processing of cross-border fund orders, and evaluate the impact of its recommendations in the area of fund processing standardization, Peter De Proft, EFAMA Director General, notes.

 

Press release

The full report can be downloaded below.

 

© EFAMA - European Fund and Asset Management Association