Japan Securities Depository Center, Inc. (JASDEC) and National Settlement Depository (NSD) signed a Memorandum of Understanding on September 20 which will establish a basis of cooperation in securities depository and settlement related matters.
The understanding will help foster the prosperity of their financial markets, promote cross border investment, and explore opportunities of cooperation in both depository and settlement operations and establishment of an operation linkage.
The companies anticipate developing a closer working relationship in the future and wish to maintain channels of communication for exchange of information, and to promote visits for reasons of friendship and other business purposes by personnel of the companies.
I hope that the signing of MOU between JASDEC and NSD will act as a catalyst to cement the friendly and cooperative ties between the two central securities depositories, moreover JASDEC and NSD will be able to make contributions to the securities market development of Japan and Russia through information sharing and mutual communication,” Yoshinobu Takeuchi, chairman of JASDEC, says.
Eddie Astanin, chairman of the executive board of NSD, adds: NSD is interested in building a straight business dialog with the major Asian market players. Regular discussions on the participants demand in the financial infrastructure developments are of great value for us. We are ready to listen to and implement.
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(CM)