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Countdown to March 2021
July 2019
By Tom Ahern, Rob Rushe, Rosa Scappatura
It highlights some of the challenges that ETF managers distributing in Europe may need to be aware of, provides details about the practicality of the migration, and outlines distinctive features of the ICSD model.
Together with Euroclear, a Belgium-based securities settlement company, BNY Mellon experts Tom Ahern, Rosa Scappatura and Rob Rushe highlight market observations, compare both international and domestic models, recommend how to best prepare for the migration, and focus on the functionality of the ICSD, preparation timelines and the benefits for fund managers when working with a sole service provider.
Download the full article to learn more about the ICSD model and how cost-efficient, error-reducing features of this issuance and settlement structure can be an alternative for fund managers taking a wait-and-see approach to the Brexit and ETF migration.