RBC Dexia Investor Services has launched an automated fund processing service for processing applications and redemptions of unlisted unit trusts.
“The benefits automation brings in terms of efficiency, cost and risk management make its adoption a priority for fund management in Australia. Our experience of this in the European market was a strong incentive to introduce it in Australia as soon as it was practicable,” said Dexia head of operations and fund services Gordon Little.
RBC Dexia processes more than 400,000 fund transactions via SWIFT each year in Europe.
Dexia has been working with SWIFT, a global provider of financial messaging services, to develop its funds processing service as part of the company’s Australian Funds Automation initiative. The company also plans to add SWIFT capability to its custody operations in Australia.
