12:38 - 28.12.2024
December 28, Fineko/abc.az. The National Depository Center (NDC) of Azerbaijan has formed new architecture for opening of depository accounts, ABC.AZ informs, quoting NDC chairman of board Agaguseyn Khudaverdiyev, as saying this during a media briefing on NDC’s system E-vote.
According to Khudaverdiyev, now clients of investment companies can remotely open depository accounts and receive information about their securities through the API.
"This new infrastructure has been developed in accordance with the best practices of developed countries and will make significant contribution to development of the Azerbaijani capital market. With the support of the Central Bank, the digital solutions used during the initial public offering of the International Bank of Azerbaijan have been successfully tested. As a result, investors were able to conveniently place their orders through depository accounts opened using a mobile application. It was also possible to display the results of operations on the secondary market in the balance sheets of securities," he said.
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