MOSCOW – National Settlement Depository (NSD), Russia’s central securities depository, and Belarusian Republican Unitary Enterprise "Republican Central Securities Depository" (RCSD) have signed the Memorandum of Cooperation and the CSD foreign nominee account agreement.
The depositories plan to expand the bilateral cooperation and to establish close business relations related to exchange of information regarding procedures of functioning of clearing, record keeping and settlement systems of Russia and Belarus. The parties also intend to cooperate in the sphere of record keeping of Belarusian issuers’ securities in NSD’s correspondent account (foreign nominee account) opened with RCSD and Russian issuers’ securities in RCSD’s account opened with NSD, to conduct trainings and exchange experience, to consult on information storage and processing issues, and tackle other issues related to the depositories’ cooperation.
The depositories have also signed the foreign nominee account agreement; based on this document, RCSD’s clients may conduct settlements on transactions and keep securities using RCSD’s account with Russia’s central securities depository.
NSD has already opened the account with RCSD. The bilateral interactions channel between two depositories will allow to hold cross-border operations in more efficient way.
About NSD
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.
NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.
Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.
Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia
For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mail
Follow us in Twitter: http://twitter.com/NSD_News
About RCSD
Belarusian Republican Unitary Enterprise "Republican Central Securities Depository" (RCSD) is the national numbering agency in the Republic of Belarus, assigning international ISIN and CFI codes to securities.
RCSD’s status has been established by the Decree of the President № 277 of April 28, 2006 "On Some Issues of Securities Market Regulation."
The special permission (license) #02200/5200-4-1111 for professional and exchange activities in securities market (depository operations) was issued on 27 March 2003 by the Ministry of Finance of the Republic of Belarus (effective until 27 July 2022).
Registered office: 2 Melnikajte Minsk 220004, Belarus
For further information about RCSD:http://www.centraldepo./by, +375 17 306 3220,