ECSDA welcomes KACD as associate member
ECSDA (European Central Securities Depositories Association) is pleased to welcome KACD (Central Securities Depository Joint-stock Company) based in Almaty, Kazakhstan, as its new associate member.
On that occasion, Anna Kulik, Secretary-General of ECSDA stated: “ECSDA is a major harmonisation force of post-trade practices in Europe and globally. While doing so, we stand for high level of investor protection, regional and global financial stability and innovation. We are pleased to see KACD joining us and being able to share our and consider their best practices.”
About KACD
KACD is a non-profit organization established in 1997 carrying the following types of the activities for the securities market:
- depository activity;
- activity on maintenance of the System of Securities Holders Registers;
- activity on organization of securities and other financial instruments trading;
- clearing activity on the financial instruments transactions.
- opening and maintaining bank accounts of legal entities;
- opening and maintaining bank accounts of the individuals;
- opening and maintaining correspondent accounts of banks and organizations implementing certain types of banking operations;
- transfer operations: execution of payment and transfer orders of legal entities
KACD has links with the following foreign depositories:
- Clearstream Banking, Frankfurt
- Euroclear Bank
- Central Securities Depository of Kyrgyz Republic
- Central Securities Depository of Belarus
- National Settlement Depository, Russia