The Association of Eurasian Central The Association of Eurasian Central Securities Depositories (AECSD)Securities Depositories (AECSD)

Maria Ivanova,NDC Director for DevelopmentThe 10th Conference of CSDs, 20-22 May, 2009, Budapest

Association MembersAssociation Members

Central Depository of Armenia

The National Depository Center (Azerbaijan)

Republican Central Securities Depository (Republic of Belarus)

Georgian Central Securities Depository

National Securities Depository of Moldova

Central Securities Depository (Kazakhstan)

Central Depository (Kyrgyzstan)

State CSD of the Republic of Uzbekistan

Interregional Stock Union (Ukraine)

The National Depository of Ukraine

Depository Clearing Company (Russian Federation)

The National Depository Center (Russian Federation)

AECSD was established in 2001The Association Incorporates 12 Depositories from 10 CIS Countries:

ObjectivesObjectives

• Harmonization of the regulatory framework;

• Establishment of depository links among the members to support cross-border securities transactions;

• Standardization of the technologies for the depository operation, procedures for depository transaction processing, and rules and regulations governing the depositories' activities;

• Adoption of international messaging standards for depository transactions and their use in the national practice;

• Development of Electronic Document Interchange;

• Supporting a coordinated process to enable the Association members to integrate into the global depository system.  

Governance StructureGovernance Structure

General Meetingof AECSD members

Chairman S. Abdujabbarov,General Director

of CSD of Uzbekistan

Secretary

NDC, Russia

Working Groups:

• Depository Links• CSD Legal Issues• Development of Electronic Messaging Standards• Administration of the Association Website

Annual MeetingsAnnual Meetings of Association Membersof Association Members

The main governing body – the Annual General Meeting of Association Members

The V International Conference of AECSD and the Annual General Meeting of the Association members took place in

Almaty (Republic of Kazakhstan) on 2-3 October 2008

The VI International Conference of AECSD and the Annual General Meeting of the Association members

will take place in Tashkent (Republic of Uzbekistan) on 15-16 October 2009

The VII International Conference of AECSD and the Annual General Meeting of the Association members

will take place in Minsk (Republic Belarus ) on July 2010

International Activities of the International Activities of the AssociationAssociation

• An observer status in ECSDA, AMEDA and ACG;

• Participation in international conferences and forums (CSD10, Annual Russian Securities Forum, SIBOS etc.);

• Organizing and holding seminars and trainings on depository and clearing services for Association members.

AECSD MembersAECSD Members newsnews

The National Depository Center (Azerbaijan):•became a member of ANNA and ISSA•started to prepare Financial statements in accordance with International Financial Reporting Standards and implemented Corporate Governance principles

State CSD of the Republic of Uzbekistan: The new law “On the securities market” has come into force:

•only one unified form of securities issue - dematerialized•new type of a market participant - transfer-agent•it is now possible to combine two types of business activities in one legal entity: a) Depository and Brokerage b) Depository and Transfer-agent•CSD may also perform the registrar functions

Central Securities Depository (Kazakhstan): CSD became the National Numbering Agency

AECSD MembersAECSD Members newsnews

Depository Clearing Company (Russian Federation):• Thomas Murray Ratings Ltd upgraded DCC Rating to A+ with Stable Outlook

The National Depository Center (Russian Federation): • Changes in NDC corporate structure: from not-for-profit partnership into a joint

stock company• In 2009 NDC will implement an updated technological platform for the

depository• Thomas Murray Ratings Ltd. upgraded NDC Rating to AA- level • NDC’s key priority remains further development of its services offering to the

clients:• Implementation of securities lending technology• DVP settlement• Further extension of usage of ISO formats

AECSD websiteAECSD website:: www.aecsd.comwww.aecsd.com

AECSD website provides information about:

• The Association and its members

• AECSD international activities • Legislative Acts of AECSD member countries

• Activities of AECSD Working Groups• Working group report “Correspondent accounts of non-residents in depositories of the Association of Eurasian Central Securities Depositories”

Contact InformationContact Information

• AECSD Secretary

The National Depository Center

13, bldg 1, Mashkova St., Moscow,105062, Russia

Tel.: +7 (495) 232-0513 

E-mail: aecsd@aecsd.com • AECSD Website: www.aecsd.com

Thank you for attention!Thank you for attention!