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GlobeNewswire (press release)
May 18 2013
Central Depository of Armenia Introduces New Depository System to
Align to International Standards
Yerevan, Armenia, 2013-05-18 17:31 CEST (GLOBE NEWSWIRE) -- The
Central Depository of Armenia (CDA), part of NASDAQ OMX Group,
launches a new business model of depository operations in Armenia.
Thereby it will align with the best international standards, ensuring
higher level of safety and efficiency of operations. This reform,
that was launched at a special ceremony today, is first of all aimed
at improving services provided to companies and shareholders, as well
as increasing efficiency of execution and protection of their rights.
Within the new model, CDA will be capable to ensure centralized
registry keeping, securiites custody as well as clearing and
settlement of stock exchange transactions through introduction of
specialized software solution and enhanced hardware and security
facilities. Registry keeping and securities custody services will be
provided to customers via account operators - investment companies and
banks, which signed the relevant agreement with the CDA.
Such mediation of services will contribute to increased access of
issuers and invesors to the depository services in all the regions of
Armenia, more efficient risk management and supervision, higher
customer service and increased competition among account operators in
terms of providing comprehensive packages of corporate and investment
banking services to their customers.
Opening the ceremony, Mr. Vahan Stepanyan, CEO, CDA, noted:
`Modernization of Armenian depository system required joint effort of
our staff, our colleagues from NASDAQ OMX, support of Central Banks of
Armenia and now we are proud to announce that we managed to bring it
in compliance with best international standarts, increasing safety and
efficiency of operations and accessibility of depository services in
regions of Armenia'.
The most up to date list of Account operators, currently servicing
customers, is available at `Account operators' page
(http://www.nasdaqomx.am/en/account_operators.htm) of NASDAQ OMX
Armenia web-site.
http://globenewswire.com/news-release/2013/05/18/548244/0/en/Central-Depository-of-Armenia-Introduces-New-Depository-System-to-Align-to-International-Standards.html
From: Emil Lazarian | Ararat NewsPress
May 18 2013
Central Depository of Armenia Introduces New Depository System to
Align to International Standards
Yerevan, Armenia, 2013-05-18 17:31 CEST (GLOBE NEWSWIRE) -- The
Central Depository of Armenia (CDA), part of NASDAQ OMX Group,
launches a new business model of depository operations in Armenia.
Thereby it will align with the best international standards, ensuring
higher level of safety and efficiency of operations. This reform,
that was launched at a special ceremony today, is first of all aimed
at improving services provided to companies and shareholders, as well
as increasing efficiency of execution and protection of their rights.
Within the new model, CDA will be capable to ensure centralized
registry keeping, securiites custody as well as clearing and
settlement of stock exchange transactions through introduction of
specialized software solution and enhanced hardware and security
facilities. Registry keeping and securities custody services will be
provided to customers via account operators - investment companies and
banks, which signed the relevant agreement with the CDA.
Such mediation of services will contribute to increased access of
issuers and invesors to the depository services in all the regions of
Armenia, more efficient risk management and supervision, higher
customer service and increased competition among account operators in
terms of providing comprehensive packages of corporate and investment
banking services to their customers.
Opening the ceremony, Mr. Vahan Stepanyan, CEO, CDA, noted:
`Modernization of Armenian depository system required joint effort of
our staff, our colleagues from NASDAQ OMX, support of Central Banks of
Armenia and now we are proud to announce that we managed to bring it
in compliance with best international standarts, increasing safety and
efficiency of operations and accessibility of depository services in
regions of Armenia'.
The most up to date list of Account operators, currently servicing
customers, is available at `Account operators' page
(http://www.nasdaqomx.am/en/account_operators.htm) of NASDAQ OMX
Armenia web-site.
http://globenewswire.com/news-release/2013/05/18/548244/0/en/Central-Depository-of-Armenia-Introduces-New-Depository-System-to-Align-to-International-Standards.html
From: Emil Lazarian | Ararat NewsPress