Central Depository of Iran became a member of AECSD – Tejaratnews

According to Tejarat News, the membership of Iran Central Securities Depository and Fund Settlement in AECSD was approved in the 19th annual meeting of this association in Tajikistan with the presence of Mohammad Baghestani, CEO of this company.

Somat’s membership in this association was realized unanimously and following the extraordinary general assembly meeting and electronic voting, and finally, in this meeting, the Central Depository Company of Iran became a member of this association as the 17th country.

Also, in this event, the CEO of Somat presented a report on the capabilities of the Central Depository Company and the Iranian Capital Market to the attendees.

Baghestani stated: Somat’s membership in the AECSD Association is a step towards strengthening cooperation with the Eurasian region, facilitating the exchange of knowledge and experiences in various fields of the deposit industry, and contributing to the association’s efforts to serve the common interests of the association’s members and, in a broader view, the region.

It should be noted that AECSD is formed by the membership of 16 registration and clearing institutions from 15 countries “Azerbaijan, Armenia, Belarus, Georgia, India, Kazakhstan, Kyrgyzstan, Russia, Turkey, Tajikistan, Uzbekistan, Ukraine, Mongolia, South Korea and Iran”. And it is considered one of the most prestigious international syndicates in this field.

It should be mentioned, membership in five important international institutions FEAS (Federation of European and Asian Stock Exchanges), ACG (Asia-Pacific Registration, Depository and Clearing Institutions), OICEF (Stock Exchanges of Organization of Islamic Cooperation) and Standardization Association Asian Investment Funds (AFSF), AECSD and concluding memorandums with institutions active in the deposit industry from the countries of “Turkey, Pakistan, Indonesia, South Korea, Oman, China, India, Yemen” and… are among the most important international activities of the Central Securities Depository Company and The settlement of Iran’s funds is to provide the necessary infrastructure for the internationalization of Iran’s capital market.

Source: Samat News