The Belarusian Central Securities Depository established correspondent relations with Saint-Petersburg Settlement & Depository Center JSC

The Central Securities Depository (Republic of Belarus) and SAINT-PETERSBURG SETTLEMENT & DEPOSITORY CENTER JSC (Russian Federation) signed an agreement on establishment of correspondent relations, according to which the Central Securities Depository opened a correspondent “depo” LORO account to SAINT-PETERSBURG SETTLEMENT & DEPOSITORY CENTER. The establishment of correspondent relations between the Central Securities Depository of Belarus and SAINT-PETERSBURG SETTLEMENT & DEPOSITORY CENTER JSC will have an impact on the development of the Belarusian securities market in the context of the formation of a common financial market of the EAEU member states.

Opening an account to SAINT-PETERSBURG SETTLEMENT & DEPOSITORY CENTER in the Central Securities Depository of Belarus will allow economic entities to carry out cross-border transactions with securities of Belarusian issuers, expand the opportunities of participants of the Russian financial market for investing in Belarusian securities.

For reference. SAINT-PETERSBURG SETTLEMENT & DEPOSITORY CENTER JSC- the largest depository in the North-West region of the Russian Federation, was founded in 1993 by the most influential banks, investment companies and stock exchanges of the North-West and has a strong reputation in the securities market.

Source: https://www.centraldepo.by/en/news/the-belarusian-central-securities-depository-established-correspondent-relations-with-saint-petersbu/