NSD, Egypts CSD sign co-operation agreement

Russia’s National Settlement Depository (NSD) and Misr for Central Clearing, Depository and Registry (MCDR), Egypt’s Cairo-based central securities depository, have signed a memorandum of understanding.

The CSDs have agreed to develop their co-operation in order to provide investors with access to the markets of both countries, to exchange information and experience in the sphere of depository and settlement operations and interactions via correspondent accounts, corporate actions processing and information services. The two have also agreed to co-operate within the framework of the World Forum of CSDs.