NSD Opens Account with Georgian CSD

On 9 September 2016, National Settlement Depository (NSD), Russia’s central securities depository, and the Georgian Central Securities Depository (GCSD) signed an agreement to open an account of NSD with GCSD. The signing ceremony was held as part of the Annual General Meeting of members of the Association of Eurasian Central Securities Depositories (AECSD).

Acting in the best interests of its clients, NSD continues to expand correspondent relations with foreign markets. Currently, NSD provides customers with direct access to the financial markets of Austria, Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, and Kyrgyzstan allowing clients to conduct settlements in these countries’ national currencies. In addition, NSD’s clients can access global markets using the company’s accounts with Euroclear and Clearstream.

The Georgian Central Securities Depository (GCSD) was founded in 1999 and received a license on 1 March 2000. The Georgian Stock Exchange is GCSD’s major shareholder (owning a 99.88% stake), and each of four largest Georgian banks owns 0.3% in the depository. The GCSD is headquartered in Tbilisi.