transactions

Administration

STP demand signals green light for clearing house

Strong take-up of straight-through processing for superannuation contributions by QSuper and more recently, Tower, is indicative of the appetite for a national superannuation clearing house, according to the country’s largest clearing house, SuperChoice. Peter Philip, chief executive officer of SuperChoice, which has proposed a model which would see it become the central data exchange to […]
Administration

STP demand signals green light for clearing house

Strong take-up of straight-through processing for superannuation contributions by QSuper and more recently, Tower, is indicative of the appetite for a national superannuation clearing house, according to the country’s largest clearing house, SuperChoice. Peter Philip, chief executive officer of SuperChoice, which has proposed a model which would see it become the central data exchange to […]
Investment Strategy

RBC and daylight in unit registry stakes

RBC Dexia Investor Services (RBC) has made the online real-time portal of its global unit registry system available in Australia, furthering its lead in registry over competitor custodians and making an industry-backed ‘utility’ registry solution less likely, according to a prominent admin consultant.
Administration

Sharing of ‘commoditised’ tasks the key to managed fund STP

The flood of 16,000 faxes per day that continue to flow between wraps, custodians and funds mangers will only abate when industry leaders decide what tasks in managed fund transactions have become commoditised, and agree to centralise them. This is similar to what Australia’s banks decided years ago on cheque clearing, according to Ausmaq chief […]
Administration

Sharing of ‘commoditised’ tasks the key to managed fund STP

The flood of 16,000 faxes per day that continue to flow between wraps, custodians and funds mangers will only abate when industry leaders decide what tasks in managed fund transactions have become commoditised, and agree to centralise them. This is similar to what Australia’s banks decided years ago on cheque clearing, according to Ausmaq chief […]
Administration

What the clearing house will look like is anything but clear

The Federal Government spending $16 million over three years on a superannuation clearing house is not much more than a “great start”, in the words of InvestmentLink chief executive Peter Philip, with lots of heated debate to come over how such a facility should be structured, and whether one is in fact really required at […]
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