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Clearstream’s Central Facility for Funds (CFF), the innovative solution launched last year to streamline the post trade processes in the cross border investment funds industry has received the award for the Best Back Office European Solution of the Year from the magazine Funds Europe. This is the second award for CFF after the technology Award for “clearing and settlement” granted by the UK based magazine, The Banker, last June. Clearstream designed CFF primarily for investment funds domiciled in Luxembourg, the largest market in Europe for international funds with close to EUR 2,000 billion in assets under management. It has also proven attractive to other funds domiciles such as Belgium, Ireland, Switzerland and the UK. Since its launch in March 2007, CFF has attracted 37 members and...
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