BAKU, Azerbaijan, January 8
By Nazrin Israfilova – Trend:
National Depository Center of Azerbaijan (NDC) has opened a nominal account at the Central Registry Agency (Central Securities Depository) of Turkey, Trend reports with reference to the NDC.
Thus, an opportunity has been created for local institutional investors to conduct transactions using Turkish government securities.
Turkish Ziraat Bank has been appointed the account operator.
In the context of successful cooperation between the above structures of two countries, negotiations were held over 2021 to ensure the mutual availability of securities traded on capital markets of both countries for the investors.
The issue of setting up mutual fiduciary accounts was also considered at the 9th meeting of the Joint Intergovernmental Commission on Economic Cooperation between Azerbaijan and Turkey in February 2021.
It was noted that the continuation of negotiations on opening a nominal account at the NDC for the Turkish depository institution, expanding opportunities for Turkish investors in the securities market of Azerbaijan is scheduled for this year.