INTERNATIONAL: KDPW and NSD sign Memorandum of Understanding

Friday May 17 2013

The Central Securities Depository of Poland (KDPW) has signed a Memorandum of Understanding with the National Settlement Depository of Russia (NSD). It is the first step towards a future operational link.

The Memorandum of Understanding sets out the terms of co-operation between the CSDs in their operations including exchange of information, cooperation in securities depository and settlement related matters to help foster the prosperity of their financial markets and promote cross border investment. Planned initiatives are also aimed at opening an operational link between KDPW and NSD which in the future could enable dual-listing of companies on the Warsaw Stock Exchange and the Moscow Exchange.

Click on the above link for more details.