NSD Holds Practical Seminars for Clients

18 August 2016
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On 10 and 16 August 2016, National Settlement Depository (NSD), Russia’s central securities depository, held practical seminars at which presented the functionality of NSDirect, the web office used to process corporate actions. In particular, these actions included the organization of extraordinary meetings of shareholders, acquisition of securities by issuer and share repurchase by issuer at shareholders’ request.

With the support of NSD experts, the participants of the seminars connected the web office, examined its key features and settings. They also independently practiced interactions with NSDirect when processing corporate actions based on the new technology.

NSDirect is a part of the depository’s electronic document interchange system. It provides market participants with an opportunity to interact electronically during the corporate actions process by using its interface for data input via NSD’s special portal. NSDirect has an intuitive interface and allows data to be exchanged in real time via an Internet browser. NSDirect’s safety is guaranteed by the newest cryptographic and data encryption facilities.

On 1 July 2016, legal framework for the corporate actions reform went into effect. To prepare the securities market participants to the changes, NSD holds regular tests, seminars and webinars for clients and registrars where considers all innovations in detail.

Detailed information on corporate actions reform is available at the dedicated web portal www.corpactions.ru/en/.

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