BAKU, Azerbaijan, December 30. The event
technique of Azerbaijan’s Nationwide Depository Middle (NDC) for
2024-2026, labored out with the assist of the Central Financial institution of
Azerbaijan (CBA), has been accepted, Development reviews by way of the CBA.
The financial institution famous that through the upcoming strategic interval, the
NDC goals to remodel into a corporation with superior company
governance and data safety, offering a variety of
providers and possessing an environment friendly operational construction.
The technique contains adapting NDC’s actions to worldwide
finest practices and establishing a sustainable post-trade
infrastructure to assist the efficient functioning and development of
capital markets in Azerbaijan.
As a non-profit authorized entity established by the CBA, the NDC is
one of many nation’s main monetary establishments, functioning as
a depository group that shops securities, registers
property rights on them, and conducts post-trade settlements for
securities.
As a complicated and environment friendly group contributing to the
stability of the monetary sector, the NDC is targeted on a future
the place market members can have entry to reasonably priced,
accountable, and progressive providers, the CBA added.
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