NAB Asset Servicing is offering investors and members greater transparency on fees and costs with the launch of its RG97 Reporting Suite to clients.

The RG97 Reporting Suite is a new product which complements Asset Servicing’s wider regulatory products and services and has been created in response to changes in ASIC’s Regulatory Guide 97 (RG97).

Allyson Bradnam, General Manager Products for Asset servicing said the RG97 Reporting Suite supports clients by compiling and calculating fees and costs on transactions and portfolios which are required under RG97.

“We’ve worked alongside our customers to develop the product to support them in meeting their reporting obligations.

“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.

“NAB is delighted to be first to announce this product to the market. It reflects our continued excellence in providing support to our clients as they meet the ongoing challenges of a changing regulatory landscape,” she said.

About NAB Asset Servicing
Asset Servicing, part of NAB’s Corporate & Institutional business, is one of the largest custodians in the Australian market. It is a leading provider of custody, master custody, investment administration and other related services to a range of locally and internationally domiciled clients. These include government agencies, investment managers, superannuation funds, insurance companies and banks. NAB has provided domestic custody services since 1950 and global custody and investment administration services since 1975.