The Central Depository of Armenia (CDA) launches a new business model of depository operations in Armenia.

As CDA CEO Vahan Stepanyan said at the model's launch ceremony on May 18, this reform will align with the best international standards, ensuring higher level of safety and efficiency of operations and is aimed at improving services provided to companies and shareholders, as well as increasing efficiency of execution and protection of their rights.

«Within the new model, CDA will be capable to ensure centralized registry keeping, securiites custody as well as clearing and settlement of stock exchange transactions through introduction of specialized software solution and enhanced hardware and security facilities. Registry keeping and securities custody services will be provided to customers via account operators - investment companies and banks, which signed the relevant agreement with the CDA», Vahan Stepanyan said.

Such mediation of services will contribute to increased access of issuers and invesors to the depository services in all the regions of Armenia, more efficient risk management and supervision, higher customer service and increased competition among account operators in terms of providing comprehensive packages of corporate and investment banking services to their customers.

The most up to date list of Account operators, currently servicing customers, is available at “Account operators” page (http://www.nasdaqomx.am/en/account_operators.htm) of NASDAQ OMX Armenia web-site.