Widespread market support expected to grow in 2005 as coverage expands
Clearstream announced on Monday that it has successfully launched its new Vestima+ Investment Funds service and that transactions in international markets were flowing as expected following an implementation project over the weekend.
The Vestima+ service is targeting the differing needs of each of Europes main domestic distributors and provides a single solution for multiple fund markets. The main features of the service include near-100-percent straight-through processing (STP) and the ability for fund distributors to select their preferred settlement mode, delivery versus payment (DVP) or free of payment (FOP) and to choose their own optimal settlement route and custody providers. Clearstream is now evaluating expanding the service to other markets such as Italy and the UK.
The benefits of the service and the open settlement model have been readily accepted by many major market participants with a steady stream of organizations signing up for the service throughout the last year. This trend is expected to continue and will create important automated volumes in domestic markets as cost efficiency benefits of over 50 percent are possible.
Clearstream has worked with market participants to design the service enabling customers to leverage their existing domestic infrastructures in order to reach the highest cost reductions level. Through Vestima+, and for the first time in the fund market, customers can select wherever they wish to settle and whether to use or not Clearstreams integrated settlement and custody services.
Jeffrey Tessler, CEO of Clearstream International stated, "The success of the Vestima+ launch represents the first milestone of a collaborative process of working with market participants to create a solution that meets their needs. As a result, the service is open, unique, innovative and delivers cost-efficiency where our customers need it most. Now we will look forward to expanding its market coverage."
Yolande Theis and Graham Cope will be happy to answer questions from the news desks: phone +352-243-31500
media-relations | Deutsche Boerse Group
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.
To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...
For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.
Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...
Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.
A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...
Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.
"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....
Ultra-short, high-intensity X-ray flashes open the door to the foundations of chemical reactions. Free-electron lasers generate these kinds of pulses, but there is a catch: the pulses vary in duration and energy. An international research team has now presented a solution: Using a ring of 16 detectors and a circularly polarized laser beam, they can determine both factors with attosecond accuracy.
Free-electron lasers (FELs) generate extremely short and intense X-ray flashes. Researchers can use these flashes to resolve structures with diameters on the...
13.07.2018 | Event News
12.07.2018 | Event News
03.07.2018 | Event News
17.07.2018 | Information Technology
17.07.2018 | Materials Sciences
17.07.2018 | Power and Electrical Engineering