From Private Equity Wire:
Luxembourg fund administrator, EFA, has selected NeoXam for a core Trade Settlement service based on NeoXam Tracker3, with a strong focus on the CSDR (Central Securities Depositories Regulation) requirement, alongside a bespoke digital reporting project.
NeoXam Tracker3 allows EFA Middle Office service to track the entire settlement process of all active trades in near real-time.
A dedicated online dashboard application has been designed to enable EFA’s clients to have digital access to the settlement status of their trades.
NeoXam’s software is designed to meet CSDR’s objectives of improving the efficiency and transparency of settlements in Europe.
EFA is an independent company servicing investment funds, unit-linked insurance products, private equity funds, real estate funds, hedge funds and funds of hedge funds.