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Korea Securities Depository (KSD) and Clearstream – a Deutsche Bo¨rse Group subsidiary – have signed a memorandum of understanding (MOU) in Seoul which creates a framework to support cross-border investment fund distribution by linking KSD’s FundNet and Clearstream’s global funds processing platform Vestima. KSD and Clearstream agreed to implement the system linkage in 2014 and start offering extended services to support cross-border fund distribution (direct and indirect distribution). Mr. O Moon, Kwon, Senior Managing Director, KSD, said: «The partnership with Clearstream will significantly enhance our cross-border investment fund distribution capabilities. In response to the diverse investment needs of customers we decided to establish a link with Vestima, the largest global fund...
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