EFAMA and SWIFT published a survey on trends in standardisation of fund orders captured by transfer agents in Luxembourg and in Ireland.
The survey report has been published on July the 3rd, reporting the activity during 2017.
20 Luxembourg-based and 9 Ireland-based transfer agents contributed to the survey.
in 2017, 88% of orders surveyed have been processed automatically, a growth of 1.3% comparing to 2016.
55,5% (+2.1%) have been processed as ISO automated orders, 32.5% (-0,8%) are proprietary FTP processed and the remaining 12% (-1,3%) are manual orders.
In Luxembourg, 85.4% of orders are automated:
- 69.8% are ISO automated
- 15.6% and proprietary FTP processed
- 14,6% remain manual orders (-1%)
In Ireland, 92.1% of orders are automated:
- 32.5% are ISO automated
- 59.6% and proprietary FTP processed
- 7.9% remain manual orders (-1,5%)
Irish transfer agents seems more automated on proprietary basis; Luxembourg transfer agents took the option of international standards and harmonisation.
70% of Luxembourg-processed orders are captured in EMEA; 26% in APAC and 4% in Americas. A large part of EMEA orders are automated (84.4%).
95% of Ireland-processed orders are captured in EMEA; 3% in APAC and 2% from Americas. A large part of EMEA orders are automated (87.4%).
Luxembourg confirms its position of prime global hub, while Ireland appears limited to a European dimension.
Please contact us for more information about the fund processing standardisation.
Click here to download the original report.