NSD and National Depository of Ukraine Sign Agreement
OREANDA-NEWS. National Settlement Depository (NSD), Russia’s central securities depository, and Public Joint Stock Company "National Depository of Ukraine" (NDU) have signed the CSD foreign nominee account agreement.
Pursuant to the concluded agreement, NSD will provide services related to record keeping of rights of securities to the persons concluded foreign CSD account agreements, maintaining CSD foreign nominee accounts, conducting operations in the account and rendering other services connected to execution of rights for securities.
NDU’s customers may conduct settlements on transactions and keep securities using NDU’s account with Russia’s central securities depository.
NSD has already opened the account with NDU. The bilateral interactions channel between two depositories will allow to conduct cross-border operations more efficiently.