CDA services transactions in foreign securitiesJanuary 13, 2014 - 16:32 AMT PanARMENIAN.Net - Starting December, 2013 Central Depository of Armenia performs settlement, registry keeping and servicing of foreign securities transactions in Armenia, thanks to securities nominee account opened with Clearstream Banking Luxemburg of Clearstream Deutsche Börse Group. Introduction of link with Clearstream provides Armenian investors with opportunity to invest in securities of 53 developed and developing countries around the world, while the CDA ensures servicing of transactions, registry keeping and custody, including registration of ownership rights towards foreign securities. “This achievement will allow circulation of foreign securities locally, in particular, making Armenian Eurobonds accessible to Armenian investors as well. Moreover, in Armenia process of investing in foreign securities lacked such separation of securities custody and brokerage operations, which is now introduced to the market and will contribute to reduction of risks and elimination of possible conflict of interests between broker and investor,” said Vahan Stepanyan, CEO, Central Depository of Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |