VP Lux has introduced a new service that will make new infrastructure available to transfer agents and issuers in Luxembourg.
The vp.FUND HUB in a fully automated order routing, settlement and central securities depositary (CSD) issuance facility aimed future-proofing cross-border fund distribution.
Tested in Denmark, the new infrastructure has been adapted to cater for Luxembourg’s transfer agents, issuers and the wider fund-distribution eco-system.
Jan Vandendriessche, head of fund platforms at VP Lux says dematerialisation, CSD Regulation, TARGET2-Securities (T2S) and the drive to have even more efficient transfer agent operations allow for changes in the fund industry.
He adds: “We are already in dialogue with some of Luxembourg’s transfer agents, international investors and potential partnering institutions.”
“Our goals are to future proof them with regards to, amongst other things, dematerialisation and help them connect to T2S. We will carefully ensure that this new offering supports out users’ business processes.”
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