From AGEFI Luxembourg:
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. This decision both reinforces and expands the long-standing relationship between EFA and NeoXam.