CDAD, the Bulgarian CSD for most Bulgarian dematerialized securities, intends to release a new software system for securities registers, settlement and clearing, according to UniCredit, the Central and Eastern Europe sub-custodian.
CDADs new system will allow opening of more than one account in the same name at the CDAD, improved interface with participants and many other features, UniCredits says.
CDAD will start tests on the system with participants as of Feb. 22.