About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Euroclear UK & Ireland Slashes Fund Transaction Reconciliation Fees

Subscribe to our newsletter

Euroclear UK & Ireland’s charges to fund promoters for processing reconciliation messages emanating from the fund distributor community have been lowered substantially, with immediate effect. Fund promoters that receive fund distributor data requests concerning fund unit balances for reconciliation purposes (known as reconciliation messages) will be charged GBP 1.00 for the first 250 messages per month, and then only GBP 0.10 (10 pence) per message thereafter.

Ever since the EMX Message System was linked to the transaction processing system of Euroclear UK & Ireland, greater efficiencies in fund unit balance reconciliation have been made available to fund distributors.

Yannic Weber, chief executive officer of Euroclear UK & Ireland, commented: “The rationale for Euroclear UK & Ireland lowering its tariff is directly linked to the increasing critical mass of fund-related transactions we process. By electronically reconciling through the EMX Message System, fund distributors are actively reducing their processing costs and risks.”

Weber continued: “Reinforcing our competitive edge at the forefront of investment fund processing in the UK, our fee cut means that all of our top-bracket fund managers will save at least 50% in reconciliation costs compared to previously.”

Gary O’Brien, head of client services at Old Mutual, said: “We are delighted that Euroclear UK & Ireland are able to return the benefits of higher volumes to fund managers by a reduction in tariff of this size.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The roles of cloud and managed services in optimising enterprise data management

Cloud and managed services go hand-in-hand when it comes to modern enterprise data management (EDM), but how can the best solutions for the business be selected and implemented to ensure optimal data management based on accurate, consistent, and high-quality data, and delivering improved efficiency, better decisions and competitive advantage? This webinar will answer these questions,...

BLOG

Informatica Provides Trusted Data for Amazon Bedrock Generative AI Service

Informatica, an enterprise cloud data management provider, has extended its relationship with Amazon Web Services (AWS) to offer support for the company’s Bedrock generative AI service and integration with Amazon Simple Storage Service (S3) Access Grants. Amazon Bedrock, which AWS announced in April 2023 and made generally available in September 2023, is designed to help...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Solvency II Data Management Handbook

Want to get a handle on Solvency II and what it means for data management? Need to make sure you have all the bases covered for the looming January 2016 deadline? Our Solvency II Data Management Handbook is now available for free download to help you. This Handbook is the ultimate guide to all things...