MOSCOW, November 1 /PRRussia/ — The Rosbank Depositary has become the first Russian depositary to open a nominal shareholder account at the National Depositary of Ukraine (NDU), which has the exclusive right to render this type of service to non-residents. Russian Rosbank has become the first non-resident client of the NDU. The opened account will enable Rosbank, a leading custodian on the Russian market, to offer unique services of keeping accounts of the rights to Ukrainian securities to its clients.
Correspondent relations with the NDU will also allow conducting operations with Ukrainian securities between Russian residents in accordance with Russian hard currency laws. To-date the Rosbank Depositary has current nominal shareholder accounts at foreign depositaries and registrars within the CIS (in Kazakhstan, Uzbekistan and Azerbaijan) and beyond its borders. Its ramified correspondent network, which includes major international depositary systems, such as Clearstream Banking S. A. (Luxembourg), Euroclear (Belgium) and DTC (USA), makes it possible to keep and re-register the rights to different securities issued abroad at practically any stock market the world over.
Source: Interros press service
