RBI Includes Kazakhstan in Securities Services Offering

The offering will be made available through Raiffeisenbank Russia, which has set up direct cash and securities accounts with the Central Securities Depository of the Kazakhstan Republic (KACD).
By Charlie Woodward(2147487990)
The offering will be made available through Raiffeisenbank Russia, which has set up direct cash and securities accounts with the Central Securities Depository of the Kazakhstan Republic (KACD).

As well as the safekeeping of Kazakhstani securities, the new connection will benefit RBI’s clients with the provision of FOP settlement, DVP settlement in local currency and asset servicing. In addition, RBI’s link with Kazakhstan features a reporting system including the full SWIFT range, MIS and STP, as well as enhanced and up-to-date market information including Market Profile, Newsflashes and Special Market Reports. The move increases the total number of CEE markets with which RBI GSS now provides direct access to, to 16.

Russian GSS head, Evgenia Klimova, comments: “I am excited that in addition to the services provided for international and domestic clients in Russia, GSS Russia has also established itself as the Group’s “Hub” for the CIS markets. In this respect, the direct SWIFT link to the CSD in Kazakhstan can be considered as the first step, with other markets in the region to follow in the near future. Hence, we are striving to seamlessly integrate this additional market in the GSS service offering throughout the CEE region.”

In keeping with RBI’s commitment to the CEE region, the regional custodian has hired Bohdana Yefremova as executive director, head of Group Securities Services in the Ukraine. Yefremova was previously the head of the Global Securities Services area of UniCredit Group’s Ukrainian subsidiary Ukrsotsbank.

Attila Szalay-Berzeviczy, executive director, head of Group Securities Services says RBI has focused on the country and “felt with the exit of ING Bank and with the intensifying crisis on the eastern side of the country we had to ensure our clients that they could count on Raiffeisen and its securities services in Ukraine even more than ever before.”

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