Passport plans tipped to drive funds automation
Market participants argue that the proposed Asia Region Funds Passport scheme will help boost penetration of funds automation in Korea and elsewhere in Asia.
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Post-trade service providers are racing to ink agreements with central securities depositories (CSDs) in Asia to boost penetration of funds automation. They hope the launch of the proposed Asia Region Funds Passport (ARFP) will help drive the creation of a centralised network.
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