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Clearstream supports new market infrastructure to strengthen link to Russia
- Appointment of the National Settlement Depository as new Russian CSD paves the way for Clearstream to open direct account
- Clearstream aiming to open direct account by year-end
- Creation of new CSD seen as a key reform in development of the Russian financial market
Clearstream is ready to take the necessary steps to open a direct account with National Settlement Depository (NSD), the new Russian central securities depository (CSD) in Moscow. The link signals a significant improvement in the way Clearstream’s customers will be able to access the market and follows yesterday’s announcement by Russia’s Federal Financial Markets Service (FFMS) that NSD has been...
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