On 22 August 2017, Central Depository of the Republic of Tajikistan (CS) opened a foreign nominee securities account with National Settlement Depository (NSD), Russia’s central securities depository. Within the framework of the securities account and EDI agreements, CD’s clients will be given access to all Russian issuers’ securities, as well as to foreign securities kept in NSD accounts opened with Clearstream Banking S.A., Euroclear Bank S.A./N.V., and other CSDs with which NSD has established correspondent relations.
Eddie Astanin, Chairman of the Executive Board, NSD, said: “We are focused on long-term plans to develop Russia’s and Tajikistan’s financial markets by integrating our markets' post-trade infrastructure. CD’s clients will be granted access to more than 12 thousand security issues serviced by NSD, and high-tech settlement, information, and other services provided by our company.”
Umeda Rakhmanova, Director, CD, added: “Entering the international stock market is a strategic step and a new stage in developing our republic’s investment attractiveness. Cooperating with NSD will let us diversify our product range and provide our clients with high quality post-trade services.”
More information about services associated with the securities accounts is available on NSD’s website in the section “Opening Securities Account.”
Profile of CJSC Central Depository (Dushanbe, Republic of Tajikistan)
CJSC Central Depository (Dushanbe, Republic of Tajikistan) has been operating since September 2015 under:
CJSC Central Depository operates under Resolution No. 372 of the Government of the Republic of Tajikistan dated 23 August 2016 "Operating Procedures of the Central Securities Depository" and the Rules of Depository Operations (approved by the Agency for Development of the Securities Market and Specialized Registrar of the Ministry of Finance of the Republic of Tajikistan on 14 April 2017).
Shareholders of CJSC Central Depository include GMEX Technologies, a large UK company that offers innovative solutions and technology for financial markets. One of the shareholders of GMEX Group is Deutsche Borse Group, one of the world's largest stock exchanges.
CJSC Central Depository has been operating since April 2017 and is now the only settlement organization that provides custody and clearing services in the domestic securities market, using software solutions from global vendors.
Detailed information on operations of CJSC Central Depository is available at www.csd.tj.