Clearstream to roll out new version of Vestima
Clearstream Banking informs clients clients that an enhanced version of Vestima will be live from 22 September 2023.
The latest upgrade to Vestima, the order routing platform, allows Order Issuers (OIs) to place orders on mutual funds and alternative funds from a single platform. This version brings enhancements to provide a better user experience. With this release, users have a refreshed design interface with a modern look, making navigation and interactions smoother and more intuitive.
The new Vestima interface offers:
- One-stop shop for fund order processing. With this new Vestima upgrade, OIs will be able to place orders for any type of fund through the same interface. Moreover, the new file upload template will allow users to place orders for mutual and alternative funds with one single CSV file.
- Modern design interface. Vestima’s interface has undergone a complete makeover. The upgraded interface ensures that accessing critical functionalities and managing funds is more effortless and efficient than ever before.
- Upgraded user experience. Enhanced order book and the ability to download more orders than before (capable of downloading up to 50,000 lines).
All Order Issuers (OIs) will have access to the new version of Vestima by clicking on one of the following menu buttons in the legacy Vestima: Reports, Trading Availability Check, Reference Data Setup, Fund Search.
This will open a new page with the upgraded version of Vestima. OIs can switch between the versions and place orders on both platforms until the end of December. When ready to fully move to the new version before the end of December, ask your Relationship Manager to switch to the new version only, which will then be displayed by default when you log in.
Otherwise, this switch will be done automatically on 31 December 2023 when the legacy Vestima will be decommissioned.