Tokyo and Moscow - Japan Securities Depository Center, Inc. (JASDEC) and National Settlement Depository (NSD) signed a Memorandum of Understanding (MOU) on September 20, 2011.
JASDEC and NSD will establish, under the terms of the MOU, a basis of cooperation in securities depository and settlement related matters to help foster the prosperity of their financial markets, promote cross border investment, and explore opportunities of cooperation in both depository and settlement operations and establishment of an operation linkage.
The companies anticipate developing a closer working relationship in the future, and wish to maintain channels of communication for exchange of information, and to promote visits for reasons of friendship and other business purposes by personnel of the companies.
Speaking on this occasion, Mr. Yoshinobu Takeuchi, Chairman of JASDEC, said: “I hope that the signing of MOU between JASDEC and NSD will act as a catalyst to cement the friendly and cooperative ties between the two central securities depositories, moreover JASDEC and NSD will be able to make contributions to the securities market development of Japan and Russia through information sharing and mutual communication.”
Mr. Eddie Astanin, Chairman of the Executive Board of NSD, commented: “NSD is interested in building a straight business dialog with the major Asian market players. Regular discussions on the participants’ demand in the financial infrastructure developments are of great value for us. We are ready to listen to and implement.”
About JASDEC
Japan Securities Depository Center, Inc. (JASDEC) provides the securities book-entry transfer services for stocks, convertible bonds, REITs, commercial papers, corporate bonds, investment trusts, and ETFs. In addition, JASDEC operates a DVP settlement service for non-exchange transactions through its subsidiary.
For more information on JASDEC, visit http://www.jasdec.com
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,
Contact
Name : Kazuhiro Nishimukai, JASDEC
Tel : +81 3 3661 0139
Name : Olga Rink, NSD
Tel : +7 903 616 4832