Home Correspondent Depositories
Rendering Services to Correspondent Depositories Print
 to Correspondent Depositories

 

Establishing effective links is one of CSD’s areas of priority.

According to the Law of Ukraine "On Depository System of Ukraine" CSD opens and maintains securities accounts for correspondent depositories.

Correspondent depository is a depository of a foreign state or an international depository and clearing institution that is a CSD’s client on the basis of established links.

Based on the agreement on correspondent relations a foreign depository as a CSD’s client gets a possibility to keep in its books records of securities eligible for servicing by CSD.

Thanks to established CSD links and opened securities accounts for correspondent depositories foreign investors can keep records and control their ownership rights for Ukrainian securities (shares, corporate bonds, investment certificates, certificates of real estate operations, mortgage bonds etc.) without crossing borders.

CSD provides a correspondent depository and a foreign partner/counterparty with the following:

  • establishing ongoing cooperation with a foreign depository to service cross-border transactions with Ukrainian securities
  • keeping records of ownership rights for Ukrainian securities within a foreign depository system
  • Ukrainian securities placement outside Ukraine

Services rendered to correspondent depositories:

  • securities transfer from a depository institution’s account with CSD to a correspondent depository’s account with CSD
  • securities transfer from a correspondent depository’s account with CSD to a depository institution’s account with CSD
  • securities record-keeping on the correspondent depository’s account with CSD
  • securities transfer between balance accounts within a correspondent depository’s account with CSD
  • Ukrainian securities placement outside Ukraine
  • reflection of issuer's corporate actions
  • processing income payment (redemption, buy-back etc.)
  • information feedback (exchange of information on securities)

Upon interaction with correspondent depositories and execution of cross-border securities transactions (delivery/receipt) CSD uses SWIFT network and/or another data exchange channel which is convenient for the correspondent depository.

More detailed information on CSD interaction with a correspondent depository, a list of instructions and their essentials can be found in a Procedure of servicing a foreign correspondent depository by CSD.

For more information on establishing links with CSD, please contact by phone/e-mail:

International and Stock Exchange Settlements Department

Cross-Border Transactions and Integration

(044) 591-04-13

This e-mail address is being protected from spambots. You need JavaScript enabled to view it