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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Tag : ksd
Having chosen Euroclear's fund-processing solution, the Korea Securities Depository will work with the Belgian firm to launch its new fund-distribution platform.
Euroclear will provide securities settlement through the Korea Securities Depository.
The pact allows for daily turnaround investment services for securities firms and investors in Korea that trade in the US market.
Swift, the messaging and standards cooperative for financial institutions and corporations, is opening a Seoul office and is keen to help local distributors automate sales of overseas funds.