Azerbaijan's National Depository Center intends to become central post-trader organization in market

The extraordinary general meeting of shareholders of the National Depository Center (NDC) as a result of the first half year decided to accelerate activities towards simplifying and improving of e-services of the Center, NDC said in a statement published on its website on Thursday.

"During the reporting period, the process was intensified on automation of operations on depository activities and keeping registers and the foundation was laid for the introduction of new e-ervices in the future," said the statement.

The NDC is actively involved in drafting the construction of a new architecture of the stock market and has set for itself new directions of development as the central post-trader organization in the market within the new draft law on securities and the State securities market development program.

During the reporting period, the assets deposited in the NDC have reached 4.4 billion manat. Agreements were signed with 19 new issuers and 132 new issues were registered in amount of 393 million manat.

The NDC was established Sept. 18, 1997. The founder and owner of all shares is the State Property Committee of Azerbaijan.


/Trend/