Clearstream Fund Desk Newsflash 1/2019

Merger between Clearstream Funds Centre Ltd and Clearstream Banking S.A

On 1 October 2018 the legal acquisition of Swisscanto Funds Centre Limited (SFCL) by Deutsche Börse's post trade provider Clearstream was completed. In a subsequent step, after receiving UK regulatory and Companies House approval the company changed its name to Clearstream Funds Centre Limited (CFCL) with effect from 2 November 2018. As a consequence of the current political situation in UK and the ongoing negotiations regarding the United Kingdom's withdrawal from the EU (Brexit) we have decided to merge CFCL into Clearstream Banking S.A. (CBL) We expect the merger to take effect on 28 February 2019.

As presented during client visits in the second quarter 2018, we are currently working intensively on the product definition. We expect to be able to inform you about the innovations in the second quarter 2019. In the meantime, if you have any questions please do not hesitate to contact the Network team.

Product News

Fund Research – integrated solution with Clearstream Fund Desk

We are pleased to announce that the cooperation with fundinfo AG will be expanded. Beginning of second quarter 2019, Clearstream Fund Desk offers access to the Research Product as an integral part of its distribution intermediation services.

In addition to the already integrated Digital-Advisor Tool and the available documents as e.g. Fund profiles, Transparency or Trendscount reports, Clearstream Fund Desk will be in a position to offer via fundinfo a recommendation list or even a tailor-made fund research solution. With fundinfo AG as independent Fund Research provider, Clearstream Fund Desk keeps its neutrality and has no influence on the selection of funds, the fund analysis process, monitoring and definition of selection criteria.

New Registration

We are convinced to cover our client needs with this independent fund research solution which will be fully integrated into our fund database.

Business News

New Asset Managers have joined Clearstream Fund Desk

– BMO Global Asset Management (Partner Provider), effective from 24 October 2018
– Decalia Asset Management SA (Partner Provider), effective from 2 October 2018

With effect from the above mentioned signing dates reduced transaction, delivery and service fees will be applied by Clearstream Fund Desk on transactions or holdings in the investment funds of the new Partner Providers.

Please log in to the client extranet to find further information.

Due Diligence and Security

Annual declaration – KYD Documents available electronically

We thank you for the completion of the due diligence information, questionnaires and declarations for the business year 2017 and hope that this has reduced the number of separate questionnaires and requests that you receive from Fund Providers directly.

We have made the documents available to the Fund Providers and will continue to improve and enhance these questionnaires with the aim of reducing and finally eliminating the number of ad hoc requests that you receive directly from Fund Providers.

In Q1 2019 Clearstream Fund Desk will start with the collection of the due diligence information, questionnaires and declarations for the business year 2018.

Protection of email communication via Transport Layer Security (TLS)

In the interest of protecting the data and content of emails, safeguarding them against the risk of data loss and protecting confidentiality of critical data, Clearstream Banking has made the TLS (Transport Layer Security) encryption protocol mandatory. If a secure TLS connection cannot be established, the email will be delivered to the recipients as an encrypted email attachment. To be able to read the content of the email the recipients will be prompted to register in a Cisco portal by inputting their own email address and password.

Therefore, Clearstream Banking highly recommends customers and providers to also adopt the TLS encryption protocol. Unencrypted email traffic poses high risks to our business and the market.

For further information, please read Clearstream's communication dated 3 July 2018.

Client Connectivity & Reporting

Total Expense Ratio (TER) Reporting available

Clearstream Fund Desk has reached out to the data providers Swiss Fund Data AG (SFD) and Morningstar and has collected Total Expense Ratio data, which should be conform with the OAK (Oberaufsichtskommission = Supervisory Commission) in Switzerland.

Please contact the Network team if TER data is required.

Client Extranet – New design

As a result of the rebranding to Clearstream, we are pleased to announce the redesigned Client Extranet.

By having the website restructured, the most frequently used functions e.g. Fund Search function or the use of the integrated Digital Advisor are now available on the front page.

In case you have any questions, we will be happy to assist you and even guide you through the Client Extranet to explain the features available to you e.g. our unique reporting function.

If you are not yet registered, please follow the instructions on the link.

Upcoming events


Clearstream Fund Desk Summit
Fund Forum International
Sibos London
Clearstream Fund Summit
Clearstream Asia Roadshow


Key locations Asia


9 May 2019
24 – 26 June 2019
23 – 26 September 2019
10 October 2019
21 – 25 October 2019


Please do not hesitate to contact us if you have any questions. We look forward to hearing from you.

Clearstream Banking S.A.
Representative Office
Theilerstrasse 1a
6300 Zug

Ralph Hug, Global Head of Network, Investment Fund Services
+41 43 430 71 51

Franco Iseppi, Network Manager, Investment Fund Services
+41 43 430 71 52

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