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International relations

One of CSD’s priority activities is establishing and development of international relations to ensure settlement of cross-border transactions. To achieve this goal, the Department performs the following functions:

1.     Establishing links and ongoing cooperation with depositories of foreign states or international depository and clearing institutions.

2.     Entering into both bilateral and multilateral agreements on direct membership or correspondent links to service international securities transactions initiated by Ukrainian professional securities market participants.

3.     Maintaining cooperation with international news and rating agencies, international associations and organizations.

 

CSD membership in international associations and organizations:

 
Association of National Numbering Agencies (ANNA)

 


Association of Eurasian Central Securities Depositories

 


Society for Worldwide Interbank Financial Telecommunication

 


European Central Securities Depositories Association (ECSDA)

International Securities Services Association (ISSA)

CSD actively participates in working groups, conferences, annual meetings, and other events organized by the aforementioned associations.

All international associations, in which CSD has membership, support policy of business transparency and access to information on services, rendered by CSDs to their customers, and peculiarities of  local securities markets functioning to foreign investors. CSD participates in all projects initiated by associations aimed at collection, analysis, comparison and summarizing of information on national capital markets.

CSD annually participates in the Association of Global Custodians' Depository Information-Gathering Project. Thus, updated information on the Ukrainian CSD, services rendered to clients, activity results, financial instruments, recent legislative changes regarding the Ukrainian securities market is always reflected in the AGC questionnaire and is publicly available.

 

CSD сollaboration with depositories of foreign states and international depository and clearing institutions:

 

To facilitate servicing of cross-border securities transactions and to ensure maintenance of a number of financial instruments CSD initiates cooperation with leading depository institutions worldwide:

  • Memorandum of Understanding - signed by the State Agency of Ukraine for Investments and Innovations, National Depository of Ukraine (NDU), the Vienna Stock Exchange, Central Counterparty Austria (CCP.A), and the Austrian CSD (OeKB). The MoU envisages information exchange, organization of regular meetings, joint researches, implementation of joint projects and establishing of inter-depository links.
  • Memorandum of Cooperation - signed between the National Depository of Ukraine and the National Depository Center of Azerbaijan. Main points of the Memorandum cover issues devoted to information exchange on the procedure of clearing, settlement and accounting systems functioning in the Republic of Azerbaijan and Ukraine; preparation and establishing links between the depositories to ensure settlement of cross-border transactions among Azerbaijan and Ukrainian stock markets participants; formation of working groups upon depositories’ joint projects implementation; studying of accounting systems of the Republic of Azerbaijan and Ukraine etc.
  • Memorandum of Cooperation - signed between the National Depository of Ukraine and the Latvian Central Depository. Main points of the Memorandum cover issues regarding preparation and establishment of correspondent links between the depositories, conducting trainings and mutual exchange of experience between specialists of the depositories, advisory services on issues related to data storage and processing systems, consulting Ukrainian and Latvian stock market participants on issues related to record-keeping systems of the countries etc.
  • Memorandum of Cooperation - signed between the National Depository of Ukraine and the National Settlement Depository (Russian Federation). The main points of the Memorandum cover issues regarding Russian and Ukrainian accounting systems as well as proposals as to their convergence; formation of working groups upon depositories’ joint projects implementation; conducting trainings and mutual exchange of experience between specialists of the depositories; mutual advisory services on issues related to data storage and processing systems etc.