Deutsche Börse announced that Clearstream’s post-trade offering will be incorporated in SimCorp’s integrated, front-to-back investment platform SimCorp One. The first live offering is a fund data management service to disseminate data, documents and regulatory reporting. Both SimCorp and Clearstream are members of Deutsche Börse Group.
SimCorp’s clients will have access to Clearstream’s fund data solutions via its Kneip platform to disseminate data, documents and regulatory reporting for their funds and can outsource these tasks, which can be expected to help achieve material cost savings and drive efficiency and scale.
Further combined product offerings will be centered around creating additional optionality for the inclusion of fund distribution on the FundsDLT Software-as-a-Service (SaaS) transfer agency platform, as well as solutions for collateral management, collateral optimization and tri-party repo.
Georg Hetrodt, SimCorp chief executive officer, said in a statement: “Adding Clearstream to our existing ecosystem gives investment managers additional ways to leverage investment management solutions based on access to market infrastructure solutions.”
Philippe Seyll, CEO Clearstream Fund Services, said in a statement: “By leveraging SimCorp as our partner within Deutsche Börse Group, we will make our offering even more readily accessible to the investment management industry. We are looking forward to a close collaboration and to expanding this partnership across Clearstream’s post-trade services for both securities and funds.”