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RBC Dexia unites with SunGard to boost fund access

Global custodian RBC Dexia has teamed up with IT provider SunGard to open more than 13% of the total 68,000 retail and institutional funds in Europe to overseas investors, in the latest market-led attempt to tackle clearing and settlement fragmentation.

The partnership will for the first time allow investors outside Europe to trade with the funds without the need to use third-party clearing and settlement services.

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