NSD signs agreement with Egypt’s CSD 13 April 2016Moscow Reporter: Stephanie Palmer
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The central securities depositories of Russia and Egypt have signed a memorandum of understanding in order to offer investors access to the markets of both countries.
The National Settlement Depository (NSD), the Russian CSD, and Egypt’s Misr for Central Clearing, Depository and Registry (MCDR) signed the agreement at the Moscow Exchange Forum.
They also agreed to exchange information and share experiences in depository and settlement operations, interaction in correspondent accounts, corporate actions processing, and information services.
NSD is currently testing corporate processing systems for its corporate actions reform, which will come in to effect in July.
The two CSDs have also agreed to cooperate within the framework of the World Forum of CSDs.
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