BAKU, Azerbaijan, May 31. One of the next steps in the development of the activities of Azerbaijan's National Depository Center (NDC) is the opening of an account of the NDC in the Kazakhstan Central Securities Depository (KCSD), Trend reports via the report on the implementation status of the "2024-2026 NDC Development Strategy" for 2024.
The next goals include the implementation of the Settlement Agent function by centralizing cash accounts in the NDC and increasing the range of services provided to individuals and legal entities through the Investor Portal (a digital platform created for monitoring transactions and providing other services).
The main achievements of the NDC for the past year were the activation of a nominal custodian account in the Turkish Central Securities Depository (MKK) and acceptance of securities for storage, holding general meetings of shareholders remotely and launching the electronic voting (E-vote) system, analyzing PFMI* standards on the Central Counterparty model, providing consulting services in the direction of market promotion, and approving the "Data Management" policy.
Formulation and implementation of a new tariff policy, approval of the rules for opening and maintaining cash accounts are among the delayed areas of activity.
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