Access Fintech鈥檚 CSDR solution gains another asset manager user
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Access Fintech鈥檚 CSDR solution gains another asset manager user 15 June 2020London Reporter: Natalie Turner
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Access Fintech, the financial technology firm, has brought on Janus Henderson Investors鈥� Europe, Middle East and Africa (EMEA) arm to its solution for the Central Securities Depositories Regulation (CSDR).
CSDR aims to improve settlement rates in securities markets by imposing punitive measures on firms that fail to settle trades and is due to come into effect in .
Access Fintech offers a CSDR solution that builds on the foundations of its established Settlements Product and aims to allow clients to manage the entire lifecycle of in-scope transactions.
The fintech firm says that clients also benefit from real-time insight into data from other stakeholders.
Janus Henderson Investors EMEA plans to complete the onboarding before the regulation comes into full force as there 鈥渁re potential benefits to managing daily risk before CSDR go-live dates,鈥� explains Simon Clements, the firm鈥檚 head of global investment operations.
Clements tells SLT: 鈥淥ne of the greatest benefits will be the transparency and data sharing between multiple organisations, providers as we all recognise that as close to real-time data will be critical in the new world of CSDR.鈥�
The global active asset manager is still finalising its exact model through the use of Access Fintech鈥檚 CSDR services suite, Clements says, adding: 鈥淲hat we will definitely be looking to use is the methodology it will provide by being inclusive between buy-side and sell-side organisations clients, order management systems, custodians, service providers and other market participants.鈥�
Clements states that Access Fintech鈥檚 solution was chosen as it will assist greatly in managing his firm鈥檚 clients and leverage its risk and workflow risk-rules capabilities.
Other users of Access Fintech's CSDR solution include J.P. Morgan and Credit Suisse.
Elsewhere, Access Fintech also recently enhanced its CSDR solution's attractiveness by buy-in agent, Eurex Securities Transactions Services (Eurex STS), to create integration between their complementary regulatory services.
In May, the two firms confirmed that their mutual clients will be able to manage buy-ins via Eurex STS through the Access Fintech infrastructure, thereby minimising touchpoints, maximising efficiencies and ensuring a robust audit history against impacted trades, the firms explained.
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