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SS&C Alps will oversee critical functions of the ETFs, including issuance, redemption and distribution

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The collaboration aims to bolster efficiency and strengthen governance as well as provide long-term, scalable solutions

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This will help to improve streamlining in the business, Euroclear says, centralising the distribution and execution of funds

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The division consolidates existing private capital client services, and provides fund finance, foreign exchange, treasury management, depositary services, capital markets solutions and trustee capabilities

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AM Best has assigned a financial strength rating of “A-” (Excellent) and a long-term Issuer credit rating of “a-” (Excellent) to Relsure Vermont