Central Securities Depository of Belarus and Eurasian Development Bank entered into a depository agreement

On March 22, 2021, the Republican Central Securities Depository signed a depository agreement with the Eurasian Development Bank. The Central Securities Depository opened a depo account in the name of the Eurasian Development Bank.

For reference: The Eurasian Development Bank (EDB) is an international financial institution that promotes the integration and development of its member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The charter capital of the EDB totals USD 7 billion. The bank was founded in January 2006 by Russia and Kazakhstan, with the head office in Almaty. Integration projects in the areas of transport infrastructure, energy, chemical and mining industries, mechanical engineering constitute the main share in the EDB's investment portfolio.

The Republican Central Securities Depository services over 20,000 depo accounts of issuers and depositors, including the Ministry of Finance and the Development Bank of the Republic of Belarus. The total volume of securities in centralized custody exceeds BYN 70 billion (over USD 27 billion). More than 100 thousand depository operations are carried out annually. The Central Securities Depository has established correspondent relations with the depositories of the Russian Federation, Ukraine, Kazakhstan, Armenia, Azerbaijan and Kyrgyzstan, is connected to the international payment system SWIFT, is authorized to assign international codes to securities as the National Numbering Agency in the Republic of Belarus.

Signing of the depository agreement between the EDB and the Republican Central Securities Depository will contribute to the development of the Belarusian securities market, and carries great importance in the context of the formation of the common financial market in the Eurasian Economic Union.