NSD joins SWIFT’s KYC registry
15 July 2015 Moscow
Image: Shutterstock
Russia’s central securities depository, the National Securities Depository (NSD) is now using SWIFT’s know-your-client (KYC) Registry to improve its counterparty and client checks.
The registry will allow NSD and other users to assess the information needed to establish new relationships and to monitor existing ones. It also allows for safe data exchange between corresponding banks.
It contains data and documents related to counterparties, but participants retain ownership rights to the information and have full control over which institutions can view it, and how much they can access.
The KYC Registry is now in use in 138 countries around the world.
The registry will allow NSD and other users to assess the information needed to establish new relationships and to monitor existing ones. It also allows for safe data exchange between corresponding banks.
It contains data and documents related to counterparties, but participants retain ownership rights to the information and have full control over which institutions can view it, and how much they can access.
The KYC Registry is now in use in 138 countries around the world.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)