Clearstream has announced that it has further expanded its Vestima offering by making Cyprus domiciled investment funds eligible for order routing, settlement and custody.
International customers can use their Vestima setup to directly access Cyprus domiciled funds and benefit from the same streamlined handling as for other markets.
With assets under management (AUM) having more than doubled from €2.1 billion in 2012 to €4.8 billion in 2018, the Cyprus fund market has seen an impressive growth, it said.
Further insights into the Cyprus local fund market infrastructure are available in the Investment Fund Market Guide – Cyprus, that provides more information on the type of Cyprus investment funds eligible in Clearstream, the Disclosure Requirements and the Holding Restrictions.
One-stop shop for funds
Clearstream acts a single point of entry for orders, streamlined cash management and consolidated position reporting in a secure environment. It offers customers direct access to local domiciled funds in more than 40 fund jurisdictions worldwide.
Clearstream is an important player in the securities services industry with consistently high credit ratings.
As an international central securities depository (ICSD) based in Luxembourg, we provide post-trade infrastructure and securities services for the international market and 58 domestic markets worldwide, with 2,500 customers in 110 countries.