ArmInfo. The Central Depository of Kazakhstan (CDA) has become a member of the Central Depository of Armenia (CDA) system, opening a personal account (depot account) of a nominal holder. This membership is important for deepening the interaction between the capital markets of the two countries and expanding access to the securities markets. This is noted in a joint statement of the Armenian Stock Exchange and the Central Depository of Armenia.
Clients of the Central Depository of Kazakhstan will now have access to corporate and government securities of Armenia. This will allow CDA clients to use the advanced services of the Central Depository of Armenia.
Through membership in the CDA system, the Central Depository of Kazakhstan seeks to provide its clients with new investment opportunities and a high level of interconnection of securities market functions. "This is an important step towards the integration of the financial sectors of the two countries, contributing to the development of capital markets and expanding investment opportunities in both Armenia and Kazakhstan," said CDA CEO Ani Makaryan.
The Central Depository of Armenia (CDA) provides clearing and settlement, asset servicing and registration services, which allows Armenian and international partners to carry out their current work more efficiently. CDA is also the custodian of accumulated pension funds in Armenia and the registrar of participants.
