NSD (the Russian Federation) and RUE «RCSD» (the Republic of Belarus) have signed the Memorandum of Cooperation and the Agreement of the foreign nominee account

Press-release

April 4, 2013

Non-bank credit organization of Closed Joint-Stock Company "National Settlement Depository" (NSD) and the Republican Unitary Enterprise "Republican Central Securities Depository" (RUE "RCSD") have signed the Memorandum of Cooperation and the Agreement of foreign nominee account in the central depository.

The depositaries deems necessary to expand bilateral cooperation and intend to establish close business relationships that cover such aspects as exchange of information concerning the operation  order of clearing, settlement and accounting systems of the Russian Federation and the Republic of Belarus; practical cooperation between depositories for securities accounting of the Belarusian issuers on the correspondent account of NSD in RUE "RCSD" and securities accounting of the Russian issuers on the correspondent account (foreign nominee account) of RUE "RCSD" in NSD; internships and exchange of experience, implementation of joint projects, advising on the organization of the storage system and information processing and other issues related to the cooperation between two depositories.

The parties have also signed agreement of foreign nominee account agreement on the basis of which the customers of RUE "RCSD" will be able to conduct settlements of transactions and keep the securities using the account of RUE "RCSD" in the central depository of Russia.

NSD has already opened the account with RCSD. The bidirectional channel of communication between two depositories will enable to conduct cross-border transactions in more efficient way.