Transcript Document
The Association of Eurasian Central Securities Depositories (AECSD) Maria Ivanova, NDC Director for Development The 10th Conference of CSDs, 20-22 May, 2009, Budapest Association Members AECSD was established in 2001 The Association Incorporates 12 Depositories from 10 CIS Countries: Central Depository of Armenia The National Depository Center (Azerbaijan) Republican Central Securities Depository (Republic of Belarus) Georgian Central Securities Depository National Securities Depository of Moldova Central Securities Depository (Kazakhstan) Central Depository (Kyrgyzstan) State CSD of the Republic of Uzbekistan Interregional Stock Union (Ukraine) The National Depository of Ukraine Depository Clearing Company (Russian Federation) The National Depository Center (Russian Federation) Objectives • Harmonization of the regulatory framework; • Establishment of depository links among the members to support cross-border securities transactions; • Standardization of the technologies for the depository operation, procedures for depository transaction processing, and rules and regulations governing the depositories' activities; • Adoption of international messaging standards for depository transactions and their use in the national practice; • Development of Electronic Document Interchange; • Supporting a coordinated process to enable the Association members to integrate into the global depository system. Governance Structure General Meeting of AECSD members Chairman S. Abdujabbarov, General Director of CSD of Uzbekistan Working Groups: • Depository Links • CSD Legal Issues • Development of Electronic Messaging Standards • Administration of the Association Website Secretary NDC, Russia Annual Meetings of Association Members The main governing body – the Annual General Meeting of Association Members The V International Conference of AECSD and the Annual General Meeting of the Association members took place in Almaty (Republic of Kazakhstan) on 2-3 October 2008 The VI International Conference of AECSD and the Annual General Meeting of the Association members will take place in Tashkent (Republic of Uzbekistan) on 15-16 October 2009 The VII International Conference of AECSD and the Annual General Meeting of the Association members will take place in Minsk (Republic Belarus ) on July 2010 International Activities of the Association • An observer status in ECSDA, AMEDA and ACG; • Participation in international conferences and forums (CSD10, Annual Russian Securities Forum, SIBOS etc.); • Organizing and holding seminars and trainings on depository and clearing services for Association members. AECSD Members news The National Depository Center (Azerbaijan): •became a member of ANNA and ISSA •started to prepare Financial statements in accordance with International Financial Reporting Standards and implemented Corporate Governance principles State CSD of the Republic of Uzbekistan: The new law “On the securities market” has come into force: •only one unified form of securities issue - dematerialized •new type of a market participant - transfer-agent •it is now possible to combine two types of business activities in one legal entity: a) Depository and Brokerage b) Depository and Transfer-agent •CSD may also perform the registrar functions Central Securities Depository (Kazakhstan): CSD became the National Numbering Agency AECSD Members news Depository Clearing Company (Russian Federation): • Thomas Murray Ratings Ltd upgraded DCC Rating to A+ with Stable Outlook • • • • The National Depository Center (Russian Federation): Changes in NDC corporate structure: from not-for-profit partnership into a joint stock company In 2009 NDC will implement an updated technological platform for the depository Thomas Murray Ratings Ltd. upgraded NDC Rating to AA- level NDC’s key priority remains further development of its services offering to the clients: • Implementation of securities lending technology • DVP settlement • Further extension of usage of ISO formats AECSD website: www.aecsd.com AECSD website provides information about: • The Association and its members • AECSD international activities • Legislative Acts of AECSD member countries • Activities of AECSD Working Groups • Working group report “Correspondent accounts of nonresidents in depositories of the Association of Eurasian Central Securities Depositories” Contact Information • AECSD Secretary The National Depository Center 13, bldg 1, Mashkova St., Moscow,105062, Russia Tel.: +7 (495) 232-0513 E-mail: [email protected] • AECSD Website: www.aecsd.com Thank you for attention!