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AIX CSD becomes a member of European Association of CSDs
29.03.2019
AIX CSD becomes a member of European Association of CSDs

Astana International Exchange (AIX) is pleased to announce that the AIX CSD has become an Associate member of the European Central Securities Depositories Association (ECSDA). ECSDA represents 40 national and international central securities depositories (CSDs) across 36 European countries. The association provides a forum for European CSDs to exchange views, elaborate best practices and take forward projects of mutual interest. It aims at promoting a constructive dialogue between the CSD community, European and global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for Global and European financial markets.

Tim Bennett, Head of the Board of AIX CSD, commented:

“AIX CSD is strongly committed to follow the international standards on post trade and to align its work with the best practices in this area. Membership of ECSDA is a clear statement we make to demonstrate this commitment. We recognize that only by following international standards we can provide investors with confidence in AIX clearing and settlement services. We keep building reliable infrastructure.”  

Anna Kolesnichenko, AIX’s Head of Clearing and Settlement, CEO of AIX CSD:

“We at AIX and AIX CSD are pleased to become an Associate member of ECSDA family and to participate in the work of ECSDA as a forum for dialogue and exchange of views on matters of mutual interest to European CSDs.”

Anna Kulik, Secretary General of ECSDA, stated:

“European CSDs attach particular importance to raising the overall level of safety and efficiency of the global financial network and the high quality of the cross-jurisdictional connections between financial markets.  We are pleased to be able to respond positively to the AIX CSD demand to become a member.”

Reference:

AIX. Astana International Exchange (AIX) was formed in 2017 as part of the development of the Astana International Financial Centre, AIFC. On the 14th November 2018, the first trading session on AIX has been launched by the first President of the Republic of Kazakhstan Nursultan Nazarbayev. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz

AIFC. The AIFC was established on the initiative of the first President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz

Media Contact
Yelena Pak
Head of Communications
Tel: +7 (7172) 23 53 94
Email: [email protected]

Reference: AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank’s portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.