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June 25, 2018
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Central Depository of Armenia

"Inecobank" CJSC Became a Regulated Market Settlement System Member of Central Depository of Armenia

Posted: Friday, 2 Mar 2018

On February 28, 2018 "Inecobank" CJSC was granted the status of Regulated Market Settlement System Member (RMSSM) of “Central Depository of Armenia” OJSC (CDA). Hereinafter the Bank's customers will be able to execute buy and sell transaction at the stock exchange directly through Inecobank. The Bank has joined the list of currently operating 18 RMSSMs. To recall, in March 2013 the CDA launched a new business model of depository system in Armenia, according to which registry keeping of joint-stock companies and securities custody services will be provided to customers via account operators - investment companies and banks - which signed the relevant agreement with the CDA. Since May 2014 Inecobank has also been a depository system account operator, which enables the Bank to provide CDA's services related to securities registry keeping and safekeeping. The list of Depository system Account operators and RMSSM, contact details as well as operators’ rules on tariffs are available on the following pages of NASDAQ OMX Armenia official web-site (www.cda.am). “Depository system account operators” and “Settlement System Members”.
 
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