Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Aberdeen joins M&G and 19 others in revolutionary Crest deal

by Emma Dunkley on Feb 11, 2013 at 11:09

‘Crest currently does the same for equities and bonds, bringing clarity to the broker community on what they own,’ he said.

Rudd added the system makes transfers or ‘re-registration’ fully electronic, using the same equity and bond infrastructure, but adapting it for funds.

'Transferring' is the re-registration of a holding between one platform and another, because a retail client is moving between systems, switching from one broker to another.

Rudd emphasised this electronic settlement does not affect trading. 

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?

Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet