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20.02.2013

The heads of Euroclear and NSD announce the direct admission of foreign investors to the public debt market

The heads of Euroclear and NSD announce the direct admission of foreign investors to the public debt market
НРД, Clearstream и Euroclear Bank запустили новые услуги в части пост-трейдингового обслуживания облигаций федерального займа (ОФЗ)

The National Settlement Depository, Clearstream and Euroclear Bank have launched new services in terms of post-trading servicing of federal loan bonds (OFZ), one of the most actively traded types of Russian government bonds. The largest international companies trading OFZ will be able to settle transactions and store their positions in OFZ using Clearstream and Euroclear Bank accounts in NSD, the Russian central depository. Experts estimate the effect of this project in billions of dollars of additional inflow of foreign funds to the Russian financial market, which will significantly reduce the cost of borrowing for the Ministry of Finance of the Russian Federation. Mark Jam, Member of the Board of Directors and Managing Director of Clearstream, said: "The opening of the new Russian central depository was the largest step in the development of Russian capital markets. Thanks to our direct channel of interaction with Russia, the market will move to a new stage of development, which is extremely important.
PR consultant - Kuzmenkov and Partners