The Astana International Exchange Central Securities Depository (AIX CSD) has opened a foreign nominee account with the Russian National Settlement Depository (NSD).
AIX CSD now has access to clearing and settlement services in the Russian market, including access to a wide range of Russian financial instruments.
Additionally, issuers of AIX will be able to offer Ruble-denominated instruments both to foreign and local investors.
AIX’s CEO Tim Bennett explained that getting a direct link with the Russian central securities depository “will expand the range of market access options which we provide our investors and will contribute to further development of the securities market of Kazakhstan”.
Anna Kolesnichenko, CEO of AIX CSD, commented: "We are very pleased to become an NSD participant, as this opens up new opportunities for investment solutions for our clients.”
Denis Buryakov, managing director for depository operations at NSD, added: "We are pleased to provide AIX and AIX CSD and their clients with a reliable and technologically advanced infrastructure to operate on the Russian securities market. Expanding NSD's correspondent network diversifies the participants’ risks and offers more opportunities for investors to access the Russian securities market.”
