Asian funds sign up to SWIFT automation

Nov 21, 2004

UOB, OCBC, Schroders Asia, Franklin Templeton and Fubon Bank have signed up to the new SWIFTNet Funds platform.

Since its launch in October, SWIFTNet Funds has signed up more than 30 new users, half of those in Asia. The internet-based funds messaging platform has been adopted by UOB and OCBC in Singapore, Schroders in Luxemburg and Asia, Franklin Templeton for its cross-border business and Fubon Bank in Taiwan. On a recent trip to the region, programme manager for SWIFTNet Funds securities industry division, Michel De Boe, spoke with FinanceAsia about these early adopters and why others should be considering the shift to the XML-powered system.

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