OREANDA-NEWS. On 04 February 2009 was announced, that On January 28, 2009 the Republican Unitarian Enterprise "The Republican Central Securities Depository" of Belarus (RUE RCSD) and CJSC "Depository Clearing Company" (DCC) signed a correspondent business agreement.

Under the Correspondent Agreement RUE "RCSD" opened a correspondent account for DCC, which allows DCC to render registration and safekeeping services to its clients exposed to Belarusian assets. For Russian residents this opens up an opportunity to trade in Belarusian securities on the OTC market, including via RTS Board, the indicative quotation system of RTS, within the RTS Global initiative, if they keep their securities in the accounts opened with DCC.

RUE "RCSD" and DCC view this partnership as a sign of further cooperation within the Association of Eurasian Central Depositories and a step towards closer interaction between the Russian and Belarusian securities markets. The Parties strongly believe their correspondent business will facilitate the progress of securities markets in Belarus and Russia.

The new Correspondent Agreement expands the international business of both depositories.

Valentina Timoshenko, Director of RUE "RCSD", says the new opportunities could make the Belarusian market more attractive for Russian investors.

Mikhail Laufer, DCC President, sees the cooperation as a benchmark in development of services related to foreign securities.