NSD receives the status of authorised depository of Belarus
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NSD receives the status of authorised depository of Belarus 30 April 2018Moscow Reporter: Jenna Lomax
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National Settlement Depository (NSD), Russia’s central securities depository, has received the status of authorised depository of Belarus.
The authorisation allows NSD to record the rights to government securities issued by the Ministry of Finance, on behalf of the Republic of Belarus.
Prior to now, NSD clients could accept for custody and settle trades only on Belarusian issuers’ corporate bonds and shares.
The authorisation comes just weeks after Russia’s Federal Treasury successfully conducted its first repo auction with a floating rate via NSDs collateral management system on 12 April.
The amount of concluded transactions reached RUB 60.7 billion ($98.8 billion).
Commenting on the authorisation, Eddie Astanin, chairman of the executive board at NSD, said: “NSD’s status as the authorised depository of Belarus will let us provide Russian and foreign investors interested in trading in Belarusian issuers’ securities additional opportunities.”
He added: “Such cooperation aligns with the objectives of the Association of Eurasian Central Securities Depositories (AECSD), which includes both our organisations, and strengthens efforts to develop post-trade financial market infrastructure in AECSD member countries.”
Valentina Timoshenko, director of the Central Depository of the Republic of Belarus, commented: “We hope that assigning authorised depository status to the Russian central security depository will help attract foreign investors to the local market of Belarusian government bonds and will expand the range of opportunities we are able to propose to our clients.”
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