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New joint report from EFAMA and SWIFT shows industry automation rates reaching 91.8% of cross-border fund orders in 2019
EFAMA, the voice of the European investment management industry, in collaboration with SWIFT, has published a new report on the automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2019. The report highlights the progress made in the increased automation of fund orders and the use of ISO standards.
Twenty-nine TAs from across Ireland and Luxembourg participated in the survey covering 80% of the Irish market and 75% of the Luxembourg market.
Key findings from the report include:
- The total volume of...
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