OREANDA-NEWS. On 06 August 2008 was announced, that the National Depository Center (NDC), Russia’s only settlement depository servicing the full range of securities issued by Russian issuers, and the Republican Unitary Enterprise Republican Central Depository of Securities (Republic of Belarus) (RCDS) have signed a correspondent relations agreement.

RCDS has opened a correspondent account for NDC which allows NDC depositors to hold on deposit the securities of Belarus issuers and also to arrange settlements with the securities.

Previously, in April 2007, NDC and RCDS signed a Memorandum of Cooperation which covers interactions between the parties with regard to the exchange of information related to clearing, settlement and accounting systems of the Russian Federation and the Republic of Belarus, exchange of experience, consulting in the field of EDI and other co-operatives initiatives.