utility

Administration

ACSA to turn unit registry utility talk into action

The creation of an industry utility for unit registry in Australia has been the subject of informal discussion among competitors in the fund administration business, which Bryan Gray hopes can soon be formalised through the Australian Custodial Services Association (ACSA) that he chairs. All of Australia’s major custodians run a unit registry service, but Gray […]
Administration

ACSA to turn unit registry utility talk into action

The creation of an industry utility for unit registry in Australia has been the subject of informal discussion among competitors in the fund administration business, which Bryan Gray hopes can soon be formalised through the Australian Custodial Services Association (ACSA) that he chairs. All of Australia’s major custodians run a unit registry service, but Gray […]
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 […]