Wed, 09 Apr 2008, 16:07
FinExtra
Financial messaging network Swift is looking to extend its influence into the hedge fund sector with the introduction of a new set of message standards for automating communications in the transaction chain. Over 20 firms are now signed up to Swift's hedge funds harmonisation project (Sharp) which aims to implement a framework based on up-and-coming ISO20022 standards to automate processing between custodian banks, administrators and transfer agents.
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