Fondsdepot Bank: Cash account to enhance range of services

Fondsdepot Bank plans to extend their range of transfer agency services with a cash account functionality. DIAMOS will provide system support for this new service with DIAMOS-K, which enables automated settlement of payments from fund transactions through a cash account.

With DIAMOS-K, real-time queries on cash account statuses can be performed at all times. In combination with shareholder recordkeeping systems – Fondsdepot Bank uses the transfer agency solution DIAMOS-D – DIAMOS-K provides consolidated tax processing, which significantly facilitates even the most complex management tasks pertaining to cash accounts.

The key benefit for investors lies within the fact that the cash flow takes places within the system, enabling considerably quicker access to cash account credit balances.