JSCB NOVIKOMBANK Connects NSD’s SWIFT Service Bureau

08 December 2016
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National Settlement Depository (NSD), Russia’s central securities depository, and JSCB NOVIKOMBANK, the key bank for Rostec, have signed an agreement for providing access to SWIFT services via a specialized Service Bureau.

JSCB NOVIKOMBANK is one of the major financial institutions which use the Service Bureau to access SWIFT. Connection to the global network via the Service Bureau reduces costs as compared with a direct connection. NSD’s Service Bureau is one of the best on the Russian market and guarantees its clients the highest level of protection and reliability. In particular, in September 2016, NSD became the first Eastern European service bureau to be awarded Premier Status by SWIFT.

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