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Association of Eurasian Central Securities Depositories (AECSD)

The AECSD aims to harmonize regulations, standardize technologies, and develop optimal models for recordkeeping in the securities market. It supports cross-border transactions and integration into the global depository system.

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Association of Eurasian Central Securities Depositories (AECSD)

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  1. Association of Eurasian Central Securities Depositories (AECSD) 2-4 September 2007 The ACG-11 General Meeting Beijing, China

  2. AECSD Members 22 December 2004 • State Central Securities Depository (Uzbekistan) • Depository-Clearing Company (Russian Federation) • National Depository Center (Russian Federation) • Interregional Stock Union (Ukraine) • National Depository (Ukraine) • National Securities Depository (Moldova) • National Depository Center(Azerbaijan) • Republican Central Securities Depository (Republic of Belarus) • Central Securities Depository (Georgia) • Central Securities Depository (Kazakhstan) • Central Depository (Kyrgyzstan) • Central Depository (Armenia)

  3. Association's Objectives • Harmonization of the regulatory framework • Development of an optimal model for the recordkeeping system to be used in the securities market of the member countries • Establishment of depository links among the members to support cross-border securities transactions • Standardization of the technologies for the depository operation, procedures for depository transaction processing, rules and regulations governing the depositories' activities • Adoption of international messaging standards for depository transactions and their use in the national practice • Development of Electronic Document Interchange • Development of harmonized standards for depository recordkeeping and reporting • Supporting a coordinated process to enable the Association members to integrate into the global depository system

  4. AECSD Functions • Information exchange • Support of Association’s and members’ interests in international organizations • Cooperation with educational and research institutions • Support of bilateral and multilateral relations between participants • Collection and distribution of information related to activities of Association and its members • Representing interests of Association members when interacting with international and national organizations

  5. AECSD Structure • Association’s Conference • Board • Board Chairman

  6. The Association’s Conference • adopts decisions that are binding on its members • approves the Association's Annual Report • appoints the Association Board • hears reports presented by the Association's Working Groups and passes resolutions on the issuesaddressed in the reports • nominates members of the Working Groups and appoints Group leaders • identifies the tasks for the Association's Working Groups • terminates the activities of the Working Groups • discusses the matters of common interest for its Members • determines the venue and time for holding the next Conference • performs other functions consistent with the Association's objectives

  7. Next Association’s Conference • The Conference is held once a year and hosted by a country – member, chosen at the previous meeting • Key participants of the Conference are AECSD members and guests from other CSD associations • IV Conference will be held on 18 -19 October 2007 in Bishkek (Kyrgyzstan Republic) • Objectives for the 4th Association’s Conference - Creation of a new AECSD web-page - Acquaintance to Global CSDs - EDI and AECSD participants - CSD Functions report - Correspondent relations in AECSD

  8. AECSD Board • Coordinates the Members' activities • Ensures information exchange between the Conference organizer and the Members • Coordinates the Conference preparations • Drafts the agenda for the Conference • Assists and oversees the working groups' activities • Performs other required functions during the period between the Conferences

  9. Association Board Chairman • New Chairman and host country of AECSD are elected each year at the Association’s Conference • Chairman: - manages the activities of the Association Board - ensures adherence to the AECSD Resolution - represents the Association in its relationships with third parties Current AECSD Chairman: Erik Taranchiev, President of Kyrgyzstan CSD et@csd.kg Host country: Republic of Kyrgyzstan

  10. Association's Working Groups • Depository Links • Administration of the Association's Website • Development of Electronic Messaging Standards

  11. Groups’ tasks: • Ensure the performance of the tasks set before them • Report to the Conference on the activities to address their tasks • Carry out research, prepare materials and conduct any other activities necessary for achieving their tasks

  12. Important events

  13. Association web page www.aecsd.ru

  14. Thank You !!!

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