National Settlement Depository (NSD), Russia’s central securities depository, and China Central Depository and Clearing (CCDC), China’s central securities depository that services government bonds have signed a memorandum of understanding (MoU).
Both parties have consented to sharing their information and experience, in order to increase cooperation across settlement and depository operations, operational interactions using corresponding accounts (links), information services and corporate actions
processing.
“Russia’s post-trading infrastructure integration with the global market and with the Chinese market in particular meets our clients’ interests and expectations. China’s huge investment potential in the Russian market and Russian issuers’ and market participants’ interest in financial instruments and assets of the Chinese market create a demand for the CSD services in both countries,” says Eddie Astanin, chairman of the executive board, NSD.
Russian and Chinese CSDs Sign Memorandum of Understanding
National Settlement Depository (NSD), Russia’s central securities depository, and China Central Depository and Clearing (CCDC), China’s central securities depository that services government bonds have signed a memorandum of understanding (MoU).