The full service now offers:

• Settlement of stock movements arising from subscriptions, redemptions and re-registrations
• Settlement of cash movements
• Reconciliation of participants holdings
• Reconciliation between the Registrar and Euroclear
• Client notification of Corporate Actions in funds securities
• Payments of benefits resulting from Corporate Actions

Please note that legal title is recorded and transferred outside of the CREST system.

For more information on this service please see the White Book issued by Euroclear.


Testing

We have tried to simplify how you test this new Funds functionality.

Trades can be created in one of two ways:

• Manual - You input your own instruction and we can match against you
• Automated - We input the trades (to mimic the live feed from EMX)

For the automated input we have produced a proforma on which you specify all trade details and email back to the Support Desk, we then upload the data into the Simulator and depending on your Direct Input configuration create pre-matched or alledged trades.

To download the proforma please visit the Downloads page and select the Funds Proforma. Fill out all the relevant fields and return.

We can fully configure your Participant Id/s (or create new ones) to be set up as type Product provider and Registrar to enable you to carry out full Registration process testing. ISIN configuration is simple in that we can re-configure current ISINs (depending on your environment) or create new 'SF' ISINs specifically for you.

We have our own Product Provider within the Simulator (SFLPP) for distributors to test against.

If you would like any further clarification or have any questions regarding funds functionality testing please do not hesitate to Email or call the Support Desk on +44 (0)1283 495215.