Chinese and Russian CSDs pair up on operations 26 October 2016Moscow Reporter: Stephanie Palmer
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The Russian and Chinese central securities depositories (CSDs) have signed a memorandum of understanding to cooperate on depository and settlement operations.
The Russian National Settlement Depository (NSD) and the China Securities Depository and Clearing Corporation will exchange experience and information on operational interactions and correspondent accounts.
They will also work together on corporate action processing and information services, and on fintech developments and reseach into using blockchain in the post-trade sector.
Eddie Astanin, chairman of the executive board at NSD, said: “The Asian region is a very important element for full-scale integration of Russia’s post-trade infrastructure into the global financial system.”
“Together with Chinese colleagues and under the support of the Bank of Russia and the People’s Bank of China we work on providing investors with mutual access to our countries’ markets.”
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