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NAB AS launches RG 97 product
National Australia Bank's institutional custody arm, NAB Asset Servicing has introduced a new reporting product for clients which it claims will give investors and members greater transparency on fees and costs.
The new product, the RG 97 Reporting Suite, has been added to NAB Asset Servicing's suite of regulatory products and services in response to changes to the Australian Securities and Investments Commissions recently-released Regulatory Guide (RG) 97.
Commenting on the product, NAB Asset Servicing general manager, products, Allyson Bradnam said RG 97 Reporting Suite was designed to support clients by compiling and calculating fees and costs on transactions and portfolios which are required under RG 97.
"We've worked alongside our customers to develop the product to support them in meeting their reporting obligations," she said.
"The report provides clients with aggregated fees and costing information and also includes individual transaction fee and cost attributes to support audit and regulatory queries and customisable spreads."
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