Transcript The Nature of Partnerships Amongst CSDs

The Nature of Partnerships
Amongst CSDs
Vahan Stepanyan
The Association of Eurasian Central Securities Depositories
AECSD Chairman
CEO , Central Depository of Armenia, NASDAQ OMX Group, Inc.
Association Members
Central Depository of Armenia
The National Depository Centre (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
Depository Clearing Company (Russian Federation)
The National Settlement Depository (Russian Federation)
The National Depository of Ukraine
Ukrainian Securities Depository
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AECSD Objectives
• Harmonization of the regulatory framework;
• Establishment of depository links among the members to support crossborder 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;
• Coordination of the Association members’ processes aimed to integration
into the global depository system.
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ACESD Governance Structure
General Meeting
Chairman
Working Groups
• Depository Links
• CSD Legal Issues
• Development of Electronic Messaging Standards
• Administration of the Association Website
•CSD12 Steering Committee
Secretariat
NSD, Russia
The Chairman is re-elected annually by AECSD Charter.
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International Activities
• AECSD has gained an
observer status in ECSDA,
AMEDA and ACG
• AECSD participates in
international conferences
and forums (CSD forums,
Annual Russian Securities
Forum, SIBOS etc.)
• AECSD organizes and holds
seminars and trainings on
depository and clearing
services for Association
members
AECSD is committed to host
CSD12 in Russia
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CCG investigation results
Considered Collaboration areas in questionnaire
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Exertion of international influence
Business model
Risk management
Services
Standardization
IT…
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Actual directions of collaboration
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Customer Service
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Consolidation and
Integration
Pricing
CCG investigation results
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Area for AECSD activity
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Registration/ Registrar
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Number of AECSD members' responses
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AECSD business areas of future
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Disaster Recovery, Business Continuity
Risk Management
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Transparency
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Information Technology
Performance Measurement
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STP
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Data Management and/or Sales
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Area of AECSD future activity
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Tax (Reporting, Treaties etc.)
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Interlisted Securities
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Regulation and oversight (e.g.CPSSIOSCO)
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Number of CSDs' opinions
CCG investigation results
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Cooperation types
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Correspondent relations
Membership and partnership
Memorandums (understanding, cooperation)
Other (opening accounts, links, etc …)
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Correspondent relations map
Armenia
Georgia
Azerbaijan
Belarus
Ukraine
Kazakhstan
Kirgizia
Moldova
Russia
Russia
Uzbekistan
Ukraine
Membership & Partnership
• CDA Armenia in SWIFT,
ANNA
• AUSD Ukraine in SWIFT
• RCSD Belarus in ANNA
• CSD Kazakhstan in
ANNA , IAE CIS, ACG
• UzCSD Uzbekistan in
ACG
• NSD Russia in ANNA,
ROSSWIFT, ECSDA,
NSMA
• DCC Russia in ECSDA,
CEECSDA, ISSA
• NDC Azerbaijan in
ANNA, ISSA, FEAS
• NDU Ukraine in ANNA,
SWIFT, IAE CIS, BIBC
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Memorandums
MoU
MoC
• NSD Russia with UzCSD Uzbekistan,
NDC Azerbaijan, RCSD Belarus,
Euroclear, NSDL India, CDSL India,
HKEx Hong Kong
• NDU with State Agency of Ukraine for
Investments and Innovations, CCP
Austria Abwicklungsstelle fuer
Boersengeschaefte GmbH, CSD.
Austria, and Vienna Stock Exchange
• NDU with NDC Azerbaijan, Latvian
Central Depository
• UzCSD Uzbekistan with KSD Korea
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Other cooperation
• AUSD Ukraine opened account with
CDF Russia, Oesterreichische
Kontrollbank, Austrian central
depository
• RCSD Belarus keeps correspondent
relations with INFINITUM Specialized
Depository OJSC, Depository Clearing
Company CJSC, SEB Bank OJSC and
UniCredit Bank CJSC AUSD with FMI
under the USAID Capital Markets
Project
• NDC Azerbaijan with
Clearstream Banking,
Thomas Murray, SWIFT, CSDs
of Turkey, South Korea and
China
• DCC Russia with Association
of Global Custodians (AGC)
UzCSD Uzbekistan with NSD
Russia
• NDU with Rosbank, Infinitum
SD, Central Moscow
Depository, OeKB, D&C Tec.
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Most Attractive CSDs’ Partnerships
• Exchange and Depository & Settlement
interfaces, 8th international conference of AECSD
Joint with IAE CIS
• Correspondent relations
• Cross – Border links & settlement
• Mergers: NDU and SSD in Ukraine, MICEX and RTS
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AECSD Secretary Contacts
National Settlement Depository
P.O.Box 13, bldg 1, Mashkova St., Moscow,105062, Russia
Tel.: +7 (495) 232-0513
E-mail: [email protected]
www.aecsd.com
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Thank you. Your questions please
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