Central Securities Depository of Iran signed a memorandum of understanding with the National Settlement Depository (NSD) of Russia on Tuesday, 10 April, 2018, to collaborate on a vast range of issues in post-trade scenarios, such as corporate actions processing, including voting and proxy-voting.
CSDI President and CEO, Mr. Hossein Fahimi, is heading a high-ranking delegation to the Russian capital to attend Moscow Exchange Forum 2018 upon an invitation by Chairman of Management Board at National Settlement Depository, Mr. Eddie Astanin.
On the sidelines of the event, the parties signed and sealed a cooperation agreement under which CSDI and NSD agree to exchange experience and information, and to develop cooperation in the sphere of depositary and settlement operations, operational interactions in post-trade scenarios, such as corporate actions processing, including e-General Meeting and e-voting.
Establishing a stock market corridor for investors in the two countries to access each other’s capital markets were also among the main issues to be worked upon under this cooperation agreement.
In an address to the ceremony, CSDI President hailed the MOU as “a significant milestone” in CSDI and NSD collaboration.
Mr. Fahimi said, “This agreement, along with its accompanying action plan, brings our work in line with our common goal of developing the financial market of both nations and the region as well.”
NSD of Russia is the central depository for Moscow Exchange and the largest exchange group in Russia.
The Moscow Exchange Forum is Russia’s largest conference for the professional financial markets community, bringing every year over 1,000 participants including representatives of banks, brokerage firms, local and international investment funds, independent experts, analysts, regulators and business owners.