OREANDA-NEWS. November 26, 2012. On 23 November, National Settlement Depository (NSD), Russia's central securities depository, and Baltic Financial Agency Bank signed the agreement for provision of repository services. This is the first repository services agreement concluded by NSD in Russia’s North-West Federal District.

Signing this agreement is an act of law allowing the customer to use repository services. Moreover, the company’s customer will have the opportunity to nominate its candidates to the Committee for Repository Services formed in October 2012, and therefore, to represent interests of regional participants of the OTC market making transactions on the basis of general agreements.

It is worth reminding that on 15 October NSD approved a model Repository Services Agreement and began testing of the repository’s software during its interactions with potential users of repository services’ accounting systems.

More information is available at NSD’s web site (in Russian).