Swedish bank, Skandinaviska Enskilda Banken (SEB), has awarded an ETF administration mandate to European Fund Administration (EFA), ETF Express reports. EFA will provide fund accounting and transfer agency services to SEB’s three ETF products - SpotR, SpotR Bull and SpotR Bear. The services offered include recording subscriptions/redemptions, independent valuation of swap transactions, independent valuation of collateral portfolios and the provision of reporting solutions. The custodian services for the funds will be provided by SEB.
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