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: Streamlining trading and investment processes with data standards and identifiers

Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration. Due to this increased complexity of institutions’ data needs, however, information often arrives into...

BLOG

Rethinking Data Management in Financial Services: Virtualisation Over Static Storage

By Thomas McHugh, Co-Founder and Chief Executive, FINBOURNE Technology. In Financial Services (FS), data management has long been centred around traditional database storage. However, this approach is fundamentally misaligned with the nature of FS data, which is process-driven rather than static. The industry needs a shift in perspective – one that prioritises virtualisation over rigid...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...