Electronic Dealing

Electronic dealing is a flexible, effective and secure operating method. Electronic dealing is flexible because electronic files of various types and formats can be used, from simple text files (see example and description) to SWIFT messages (see example and description). Furthermore, due to the flexibility of data mapping in our electronic interface, key information like account numbers or fund codes can be set up so that clients can book transactions using their own internal references. Our electronic interface will then automatically translate this information into our equivalent, achieving the best possible standardisation of activities. Electronic dealing is effective because deals can be instructed and booked with a minimum of manual intervention. Furthermore, quality checks based on several criteria are performed on dealing instructions ensuring that no erroneous transaction is booked. As a consequence, the impact of variability of dealing volumes on the resources of administrative departments is reduced to a minimum. Electronic dealing is secure because, independently on the type of electronic link and file format that are used, the transmission of data is reserved and confidential, in line with the strict rules on data protection laid down by Luxembourg Secrecy laws. If the Institutional Investor uses a direct electronic link, he is given a password-protected, exclusive access to a dedicated location on our server. If the Institutional Investor uses a third party dealing platform, the access to such service is strictly limited to registered and authorised users. .

The process to be followed by an Institutional Investor willing to adopt electronic dealing is composed of some simple steps that are normally completed in 25 to 35 working days (or longer if the adopted file format is not one of our standard ones). The first step includes a preliminary analysis and system development: the Institutional Investor plans the integration of electronic dealing in his administrative procedures and performs the development of his information technology facilities that might be eventually necessary to deal electronically . Our staff can provide Institutional Investors or their software houses with any technical detail on file formats and electronic connection techniques that could be useful to make this stage as smooth as possible. The second stage is composed of two parallel steps: the testing of the automatic production and transmission of dealing files, and the finalisation of an Operating Memorandum describing the level of service mutually provided to deal electronically effectively. When the above-described steps are successfully completed, electronic dealing can be inaugurated. In order to ensure that new technical and administrative procedures are working as expected, the exchange of instructions and confirmations for an initial period to be agreed can be performed both by electronic link and by fax.

Would you be interested in getting more information on electronic dealing? The following people at Schroder Investment Management (Luxembourg) S.A., acting as Transfer Agent of our Luxembourg based funds, are at your disposal for any additional information that might be useful to discover the enormous potential of electronic dealing:

Francesco Luchetti, Manager, Transfer Agency,
Tel.+352 341342472, fax +352341344,
e-mail: francesco.luchetti@schroders.com

Paulo Silva, Assistant Manager, Transfer Agency,
Tel.+352 341342476, fax +352341344,
e-mail: paulo.silva@schroders.com