Fair Oaks Capital Limited, Alpha UCITS Limited and Caceis Bank choose Clearstream’s ICSDplus issuance model for Luxembourg ETFs
Fair Oaks Capital Limited, a specialist corporate credit investment manager established in 2013 and currently managing over $3 billion in assets, has entered the European ETF market and chosen Clearstream’s ICSDplus issuance model to launch Europe’s first CLO ETF.
Alpha UCITS Ltd is an established UCITS distribution and structuring platform, founded in 2009 and based in London, offering a one-stop-shop providing a complete range of UCITS related services.
CACEIS, the asset servicing banking group of Crédit Agricole and Santander, administers over €100 billion in ETF assets on behalf of its clients, helping them implement both active and passive ETFs, at every stage of the launch process and throughout the fund's lifecycle.
Caceis was an early adopter of Clearstream’s Central Facility for Funds, providing secured settlement of fund products between fund administrators and distributors and enabling considerable efficiency gains for cross border investment funds and the ETF industry.
The ICSDplus issuance model is one of Clearstream’s proven solutions for ETF issuance, powered by Clearstream’s Central Facility for Funds, and tailored to different needs of ETF issuers. It services ETFs issued within the pan-European settlement platform TARGET2-Securities (T2S) and outside of T2S. By using this model, ETF issuers, their administrators and market participants can leverage direct setup and connectivity through Clearstream’s ICSD, facilitating efficient issuance, trading and post-trade activity. Centralisation of securities within the ICSD market reduces costs and post-trade fragmentation.