Russian and Chinese CSDs team up 26 June 2015Moscow Reporter: Becky Butcher
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Russia’s National Settlement Depository (NSD) and China Central Depository and Clearing (CCDC), which services governmental securities, have agreed to work together to boost participation in both markets.
The parties agreed to share experience and information, to develop cooperation in the sphere of depository and settlement operations, operational interactions using corresponding accounts, corporate actions processing and information services.
NSD and CCDC intend to cooperate bilaterally and within the Association of Eurasian Central Securities Depositories, Association for Corporate Growth and World Forum of Central Securities Depositories.
Eddie Astanin, chairman of the executive board at NSD, commented: “Russia’s post-trading infrastructure integration with the global market and with the Chinese market in particular meets our clients’ interests and expectations.”
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