CDA services transactions in foreign securitiesJanuary 13, 2014 - 16:32 AMT PanARMENIAN.Net - Starting December, 2013 Central Depository of Armenia performs settlement, registry keeping and servicing of foreign securities transactions in Armenia, thanks to securities nominee account opened with Clearstream Banking Luxemburg of Clearstream Deutsche Börse Group. Introduction of link with Clearstream provides Armenian investors with opportunity to invest in securities of 53 developed and developing countries around the world, while the CDA ensures servicing of transactions, registry keeping and custody, including registration of ownership rights towards foreign securities. “This achievement will allow circulation of foreign securities locally, in particular, making Armenian Eurobonds accessible to Armenian investors as well. Moreover, in Armenia process of investing in foreign securities lacked such separation of securities custody and brokerage operations, which is now introduced to the market and will contribute to reduction of risks and elimination of possible conflict of interests between broker and investor,” said Vahan Stepanyan, CEO, Central Depository of Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |