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Saxo Bank A/S and BNY Mellon select VP LUX, a new fund settlement service for the Danish market. VPs innovative approach to fund issuance will lower risk and cost for funds and investors. Saxo Bank A/S, BNY Mellon and VP LUX are collaborating to introduce an automated approach for dealing, settling and reconciling foreign funds in the Danish market.
With the issuance of Saxo Bank A/S Luxembourg fund range (Saxo Invest Sicav) through VP LUX, Danish institutions and shareholders will be able to settle foreign funds utilizing the same process as Danish funds. Registration on VP LUX will facilitate the distribution of Luxembourg funds in the Danish Market. Through VP LUX Saxo Invest Sicav can settle with all Danish Banks at low cost and low risk. VPs...
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