Central Depository of Armenia and Russian National Settlement Depository Sign Correspondent Relationship AgreementOctober 12, 2011 - 18:41 AMT PanARMENIAN.Net - Russia’s NCD gained a right to open a nominee holder account with CDA, enabling NSD to buy Armenian securities on behalf of its clients. Central Depository of Armenia open joint stock company (CDA) and National Settlement Depository(NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, signed an agreement on opening and maintenance of NSD's nominee holder account with CDA. The signing ceremony took place in Yerevan on October 6, 2011. As Eddie Astanin, NSD Chairman of the Executive Board said, "within the framework of NSD's strategic development directions we consider operational interactions with central depositories of CIS countries as one of our priorities. We are servicing securities of CIS countries' issuers (including settlements on transactions and conducting of corporate actions) on the basis of our customers' and issuers' needs; all this is being done in close interaction with central depositories-AECSD members." Vagan Stepanyan, CDA Director, in turn, pointed out, "as a result of our cooperation, National Settlement Depository has gained a right to open a nominee holder account with the Central Depository of Armenia; it will allow NSD to buy Armenian securities on behalf of its clients. This is an important step towards facilitation of investment process and stimulation of Russian investments in Armenian securities." The account opened with CDA allows NSD to provide to its customers depository services related to custody and recordkeeping of Armenian issuers' securities and to conduct settlements on securities. To date NSD receives Armenian issuers' securities for servicing upon its clients' requests. 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |