On 20 September 2013, National Settlement Depository (NSD), Russia's central securities depository, and GoldenSource Corporation concluded an agreement providing for the purchase of an Enterprise Data Management (EDM) system by NSD.
GoldenSource Corporation is a global market leader specializing in the development of EDM solutions for the financial industry. GoldenSource Corporation’s EDM systems are used by many major international financial industry firms to manage the flow of corporate information and data required for vital operations.
The implementation of the GoldenSource EDM platform will allow NSD to conduct automated data collection from a number of sources simultaneously, to process data (in particular, to automatically reconcile data to find discrepancies and to select benchmark data), and to provide clients with well-structured corporate information about issuers, their securities and corporate actions.
Eddie Astanin, Chairman of the Executive Board, NSD, pointed out:
“There is a great demand from our clients and investors for timely, reliable and well-structured corporate information in the Russian market. As Russia's central securities depository, NSD has invested much work and significant resources and time into this project. We plan to use GoldenSource's industrial platform to create services highly sought by our clients and to generate added value in the market.”
Michael Meriton, President and CEO, GoldenSource Corporation, said:
The industry is clearly shifting toward managed services and reference data utilities as a means of reducing operational costs and improving data quality. GoldenSource's unique data architecture enables exchanges, depositories, and other service providers to offer new services to their customers which not only generates revenue from their data, but also enables operating efficiencies to their participating financial institutions. NSD is particularly well suited to offer this service for Russian securities which will I am sure benefit the market participants, especially Custodians, but importantly the Russian market overall.
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. The company was founded on 27 June 1996.
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 international rating agency Thomas Murray has assigned NSD an AA- rating as a central securities depository. Total value of assets on deposit with NSD amounted to RUB18.7 trillion as of 30 August 2013.
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, license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012 and license #077-00004-000010 for the clearing activities issued by the Russian Federal Financial Markets Service on 20 December 2012.
Registered office: 12, Spartakovskaya St., Moscow 105066, Russia
For additional information about NSD please visit www.nsd.ru or connect NSD Public Affairs Division.
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About GoldenSource Corporation
GoldenSource is the leading independent provider of enterprise data management (EDM) solutions to the financial services industry.
Our 360 EDMTM software products and managed services transform internal and industry data sources into consistent trusted information to power your business systems. Our clients require trusted and highly available data as the foundation for achieving operational efficiency, managing enterprise risk, optimizing client relationships, improving profitability, and meeting regulatory requirements.
Our global clients include investment and merchant banks, broker dealers, asset and wealth managers, hedge funds, securities services firms, exchanges, and government entities, of all sizes.
Clients find GoldenSource's unique advantages to include our industry leading 360 EDM data model which enables them to strategically manage all of their important data sets, our integrated business-focused data warehouse and dashboards, our architecture that scales up or down to meet their business demands, and our commitment to EDM thought leadership as one of the original founders of the EDM Council.
With over 25 years dedicated to EDM, GoldenSource experience and packaged solutions assures a quick ROI for your immediate data project along with a strategic road map for future deployments across your enterprise. Our 100% EDM-focused R&D team exceeds the total company size of many of our competitors, keeping your EDM platform current while freeing your own resources to focus on your business. Our products, services, and our 24x7 global support are backed by the largest team of experienced EDM professionals and a network of industry partners, making GoldenSource the most stable and trusted partner for your next data project.