Union Bank of Taiwan Chooses Calastone for Funds Automation

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Union Bank of Taiwan (UBT) has chosen to move away from the use of faxes to communicate trade orders and will instead automate its offshore fund transactions using a service from Calastone, the provider of a global fund transaction network, and the Taiwan Depository and Clearing Corporation (TDCC).

UBT will connect to Calastone's network via the TDCC and will then have access to cross-border fund managers and transfer agents. The Calastone/TDCC service will be able to process fund subscriptions

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