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Financial Market Reform in Moldova: Unified Central Securities Depository

Learn about the establishment of the Unified Central Securities Depository in Moldova, implemented under a joint program with the IMF and USAID. Discover the services provided by the UCSD and its role in the financial market reform in Moldova.

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Financial Market Reform in Moldova: Unified Central Securities Depository

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  1. The Ministry of Finance of the Republic of Moldova THE STATE TREASURY The Unified Central Securities Depository Vienna, November 2018

  2. Financial market reform in the Republic of Moldova Establishment of the Unified Central Securities Depository Implemented under a joint program with the IMF and USAID

  3. Based on provisions of the Law on Unified Central Securities Depositary, the Unified Central Securities Depositary (CSD) became operational on July 31, 2018 National Bank Ministry of Finance Stock Exchange The Unified Central Securities Depository

  4. The Unified Central Securities Depository - National Bank of Moldova- Ministry of Finance - 11 licensed banks The UCSD participants:

  5. The Unified Central Securities Depository After A new account with the National Bank 33516002 – for transactions with government securities Cash reserve on the account Purchase/sale of government securities on GROSS basis DIRECT Debitfor fees payments Before Purchase/sale of Government securities on NET basis

  6. The Unified Central Securities Depository The UCSD is authorized to operate with the following securities: government securities debt issued by the Central Bank of the Republic of Moldova c) other securities specified in Article 4 of Law # 171 dated July11, 2012, on the capital market

  7. The Unified Central Securities Depository At the initial stage the UCSD operates with securities issued by the Ministry of Finance and with financial instruments of the National Bank of the Republic of Moldova. Starting with December 31, 2018, the UCSD will work with corporate securities and investment companies.

  8. The Unified Central Securities Depository The UCSD is authorized to provide the following services related to securities: Core services а) initial registration in e-format; b) accounts opening and administration; c) securities settlement system management; 2) Additional services: a) post-trade services; b) securities registration and centralized management services: - services related to the shareholders register; - processing corporate transactions; - services related to new issues; - transmission and processing of instructions, collection of fees andprocessing of reports.

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