Russian and Serbian CSDs sign operations agreement
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Russian and Serbian CSDs sign operations agreement 30 October 2015Moscow Reporter: Stephanie Palmer
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The National Settlement Depository, Russia’s Central Settlement Depository (CSD) and Serbia’s Central Securities and Clearing House, have signed a memorandum of understanding to cooperate on depository and settlement operations.
The two CSDs have agreed to share experiences and information on depository and settlement operations, interactions using correspondent accounts, corporate actions processing, and information services.
They have also committed to collaborate within regional organisations, including the Association of Eurasian Central Securities Depositories and the European Central Securities Depositories Association.
As of the end of 2014, the Serbian CSD had assets under custody of €39.7 billion, while NSD’s most recent results, for Q3 2015, reported assets under custody of about €421.1 billion.
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