Yerevan/Mediamax/. The Central Depository of Armenia has introduced a new service of securities transfer based on “Delivery versus Payment” (DVP) principle.

The service contributes to ensuring security for both parties of transaction, concluded on OTC market; as a result the Depository acts as intermediary between securities transferor and recipient; The Depository settles transactions only upon simultaneous availability of necessary funds and securities on the accounts of both parties, Mediamax was informed from CDA.

The CDA has also launched services of notifying issuers on securities flow on their accounts, which so far wasn’t introduced in Armenia.

“The Depository’s customers, joint stock companies, may operatively receive information on securities flow on their accounts and more efficiently monitor and comply with the legislative requirements, particularly those on preservation of priority right, maximum number of shareholders, etc”, - CDA informs.