On 23-25 June 2021, the annual training seminar for depositories of the AECSD member countries took place. Due to the epidemiological situation, the seminar was held online. Thanks to the online format, the event was attended by more than 100 representatives, 20 speakers  of financial institutions from the AECSD member including  the National Depository Center of the  Republic of Azerbaijan.

This year, the geography of the Seminar participants has also expanded, which were connected not only from the ACDE participating countries, but also from the UK, Iran, China, Saudi Arabia, the United Arab Emirates, Belgium and Germany.

The Seminar is aimed to foster exchange of experience, state of art knowledge about the models of accounting systems from other countries and coordinate joint actions for the development and integration of financial markets.

The topics of the Seminar consisted of the top issues for the depository sector: innovations, trilateral services and securities lending, schemes for servicing foreign nominee holders, information in ISO 15022 and 20022 formats, electronic IPO and administration of investment funds. The Seminar also discussed the automation of corporate actions, adaptation to foreign laws, and the specifics of servicing SUKUK, a financial instrument common in Islamic countries. Representatives of the Central Securities Depository of Iran and China (China Central Depository & Clearing Co., Ltd.) acted as guest speakers along with the speakers of the AECSD-members.

In addition, the participants shared their experience of how their companies manage to maintain efficiency and sustainability in the context of the COVID-19 pandemic.

The plans of the AECSD-member include maintaining constructive and regular communication between central depositories, developing common initiatives, and transferring expertise. The priorities of the participants continue to be the development of innovations, strengthening financial stability and improving operational reliability.

 

Source: https://aecsd.org/en/news/association_news/3770/