correspondent relations of central depositories and opening of correspondent “depo” accounts
DESCRIPTION
Valentina Timoshenko Director of the Central Securities Depository of the Republic of Belarus. CORRESPONDENT RELATIONS OF CENTRAL DEPOSITORIES AND OPENING OF CORRESPONDENT “DEPO” ACCOUNTS. INFORMATION ON OWNERSHIP AND MANAGEMENT OF THE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF BELARUS. - PowerPoint PPT PresentationTRANSCRIPT
CORRESPONDENT RELATIONS OF CENTRAL CORRESPONDENT RELATIONS OF CENTRAL DEPOSITORIES AND OPENING OF DEPOSITORIES AND OPENING OF CORRESPONDENT “DEPO” ACCOUNTSCORRESPONDENT “DEPO” ACCOUNTS
Valentina TimoshenkoDirector of the Central Securities Depository of the Republic of Belarus
The Republican Unitary Enterprise "Republican Central Securities Depository" was established in 1995.
Since 1998 it has been a governmental instrument and it has been run by the Ministry of Finance of the Republic of Belarus.
The activities of the Republican Central Securities Depository are aimed at solving the fundamental issue of the depository system of the Republic – provision of centralized storage of the securities registered as prescribed by law and approved for circulation on the territory of the Republic, and recording of rights to these securities.
INFORMATION ON OWNERSHIP AND MANAGEMENT OF THE INFORMATION ON OWNERSHIP AND MANAGEMENT OF THE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF BELARUSBELARUS
Depository activities in the Republic of Belarus are regulated by:
Law of the Republic of Belarus of July 9, 1999 No 280-3 «On depository activities and Central Securities Depositary in the Republic of Belarus».
Decree of the President of the Republic of Belarus of April 28, 2006 No 277 “On some issues of regulating the securities market.”
Decree of the Ministry of Finance of the Republic of Belarus of April 9, 2009 No 110 "On some issues of the establishment of correspondent relations by the Central Securities Depository in the Republic of Belarus", etc.
LEGAL FRAMEWORKLEGAL FRAMEWORK
CORRESPONDENT RELATIONS OF THE CENTRAL SECURITIES CORRESPONDENT RELATIONS OF THE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF BELARUSDEPOSITORY OF THE REPUBLIC OF BELARUS
As of October 1, 2011 the Central Securities Depository has established correspondent relations with 41 depositories, of which:
41,5% - organization departments of the banks of the Republic of Belarus;
44% - non-bank professional securities market participants of the Republic of Belarus ;
14,5% - foreign depositories.
National Cadastral Agency
National Cadastral Agency
JSC «Byelorussian Currency-Stock Exchange»
JSC «Byelorussian Currency-Stock Exchange»
Securities DepartmentSecurities Department
Ministry of Finance
Ministry of Finance
National BankNational Bank
Level 2 depositories (41)Of which 6 are foreign depositories
Level 2 depositories (41)Of which 6 are foreign depositories
Central (Settlement) Securities Depository
Central (Settlement) Securities Depository
Customer
Customer
INTERRACTION PATTERN OF PARTICIPANTS OF THE SECURITIES INTERRACTION PATTERN OF PARTICIPANTS OF THE SECURITIES MARKET OF THE REPUBLIC OF BELARUSMARKET OF THE REPUBLIC OF BELARUS
TOTAL OF SECURITIES IN THE CENTRAL SECURITIES TOTAL OF SECURITIES IN THE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF BELARUSDEPOSITORY OF THE REPUBLIC OF BELARUS
Securities in Custody, USD Billion
FOREIGN DEPOSITORIESFOREIGN DEPOSITORIES
Minsk
Central Depository
CJSC UniCredit Bank
JSC “Central Securities Depository”
JSC Specialized Depository
“INFINITUM”
CJSC DCC
JSC “ SEB Bank”
CJSC NSD
Moscow Moscow Moscow
Moscow Moscow
St. Petersburg
Almaty
REQUIREMENTS FOR FOREIGN DEPOSITORY ON ESTABLISHMENT OF REQUIREMENTS FOR FOREIGN DEPOSITORY ON ESTABLISHMENT OF CORRESPONDENT RELATIONS WITH THE CENTRAL SECURITIES CORRESPONDENT RELATIONS WITH THE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF BELARUS:DEPOSITORY OF THE REPUBLIC OF BELARUS:
Implementation of depository activities by a non-resident depository for at least 3 years;
Availability of the special permission (license) for implementation of depository activities. The license expires no earlier than one year from the date of the conclusion of the contract for the provision of services in recording of the rights to securities which issues have been stored in the Central Securities Depository of the Republic Belarus (if registration is provided by the law of the State where the non-resident depository is registered);
Availability of permanent office of non-resident depository in the State where the non-resident depository is registered
TRANSFER OF SECURITIES OF BYELORUSSIAN ISSUERS TO TRANSFER OF SECURITIES OF BYELORUSSIAN ISSUERS TO CORRECPONDENT “DEPO” LORO ACCOUNTS OF FOREIGN CORRECPONDENT “DEPO” LORO ACCOUNTS OF FOREIGN DEPOSITORIESDEPOSITORIES
Central Depositoryof Belarus
Central Depositoryof Belarus
Central Depositoryof Belarus
Central Depositoryof Belarus
Foreign Correspondent
Depository
Foreign Correspondent
Depository
Foreign Correspondent
Depository
Foreign Correspondent
Depository
Foreign Depository
Foreign Depository
Foreign Depository
Foreign Depository
Bonds Bonds
Shares Shares
Foreign Correspondent
Depository
Foreign Correspondent
Depository
ENTERING INTO AGREEMENTS FOR CUSTODY SERVICE OF BYELORUSSIAN ISSUERS BY FOREIGN CORRESPONDENT DEPOSITORIES
Bond
Issuer
Share
Issuer
Foreign Correspondent
Depository
Foreign Correspondent
Depository
Central (Settlement) Securities Depository
Central (Settlement) Securities Depository
Foreign Correspondent Depository
Foreign Correspondent Depository
Securities Department
Securities Department
CustomerCustomerSecurities IssuerSecurities Issuer
Republican Organs of Public Administration
Republican Organs of Public Administration
TRANSFER OF SECURITIES OF BYELORUSSIAN ISSUERS TO TRANSFER OF SECURITIES OF BYELORUSSIAN ISSUERS TO CORRECPONDENT “DEPO” LORO ACCOUNT OF NON-CORRECPONDENT “DEPO” LORO ACCOUNT OF NON-RESIDENT DEPOSITORYRESIDENT DEPOSITORY
agreement
allowance transfer
Mailing Address 220004 Republic of Belarus,
Minsk, Melnikajte str. 2
Telephone number/Fax
+375 (17) 306-32-20
E-mail [email protected]
Web-site www.centraldepo.by
CONTACT INFORMATION
Thank you for your attentionThank you for your attention!!