Hot Line +37410 511 211

Media about us

INFINITUM Opens the Account in the Central Depository of Armenia

17.02.2017

Specdep.ru

INFINITUM Asset Services, JSC, has opened the account in the Central Depository of Armenia (CDA). The Operator of the account is the Partner of INFINITUM in Armenia – Converse Bank, CJSC. Currently, Infinitum already has the accounts in the Central Depositories of Belarus and Kyrgyzstan. Thus, the Clients of INFINITUM Group of Companies can perform their activities in the financial markets of these countries.

"We strive to provide all the Clients with a wide range of services and opportunities, including access to the securities markets of neighboring countries. This is one of our strategic directions of the development of our Company," – Vadim Burganov, the Director of Operations of INFINITUM Asset Services, JSC.

"By the development of the international network we are increasing investment opportunities for our Clients," – Boris Cherkassky, the Advisor to the Director General of INFINITUM Asset Services, JSC. “INFINITUM aims to sequentially explore the markets of the EAEC member states: Belarus, Kazakhstan, Armenia, and Kyrgyzstan. In three of these countries we have already opened the accounts, and have an understanding of how to work in Kazakhstan. We hope to open for our Clients at least one of the markets of neighboring countries per year, implementing the concept of effective regional custodian."

Central Depository of Armenia:

The CDA is not only a reliable Partner for investments in securities of the Armenian issuers, but also may provide an opportunity to use its nominal accounts for securities in other depositories for entering other markets. In particular, the CDA has extensive experience in cooperation with Clearstream (Deutsche Börse Group). Using this channel, investors can invest in the securities of more than 50 developed and developing countries. At the present time, the financial market of Armenia seems to be rapidly developing. The next plan is to create a comfortable regulatory and tax environment in Armenia for registration of investment funds, especially with the participation of foreign capital. Soon investors will be able to register their funds online.

Converse Bank, CJSC:

Converse Bank, CJSC, is one of the leading banks of Armenia. As the Agent being responsible for the state debt management of the Republic of Armenia, Converse Bank offers its Clients to participate in the primary placement auction and retirement of government bonds on behalf of the Bank and at the expense of the Clients. The Bank is actively working with the Armenian Government’s Eurobonds, and also is a member of the currency platform, platform for government securities, corporate securities, sale and purchase agreements, term credit resources of the Stock Exchange of the Republic of Armenia. Every day on the platform of government securities, the Bank arranges lots for buying and sale of government securities, performs the functions of market-maker within the market for corporate bonds, as well as provides services in the over-the-counter market (OTC). The Bank’s Department of Investment offers services of Trust Portfolio Management – both in the market of the Armenian securities, as well as the international markets. Converse Bank is a member of the Central Depository of Armenia and as the Operator of the account provides its Clients with the relevant services.

Web: http://specdep.ru/eng/info/news/detail.php?ELEMENT_ID=40689

 

← Back to the list