NSD and GoldenSource Cooperate on Data Management

National Settlement Depository (NSD), Russia’s central securities depository, and GoldenSource concluded an agreement providing for the purchase of an Enterprise Data Management (EDM) system by NSD.

The implementation of the GoldenSource EDM platform will allow NSD to conduct automated data collection from a number of sources simultaneously, to process data (in particular, to automatically reconcile data to find discrepancies and to select benchmark data), and to provide clients with well-structured corporate information about issuers, their securities and corporate actions.

Eddie Astanin, Chairman of the Executive Board, NSD, pointed out: “There is a great demand from our clients and investors for timely, reliable and well-structured corporate information in the Russian market. As Russia’s central securities depository, NSD has invested much work and significant resources and time into this project. We plan to use GoldenSource’s industrial platform to create services highly sought by our clients and to generate added value in the market.”

Michael Meriton, president and CEO, GoldenSource, said: “NSD is particularly well suited to offer this service for Russian securities which will I am sure benefit the market participants, especially custodians, but importantly the Russian market overall.”