History of NDC

In State "Program of privatization of the state ownership in Azerbaijan Republic in period within 1995-1998" the concept of The National Depository System was entered. According to the State Program Depository System was formed for organized holding of securities, maintenance of its cash and non-cash inverse, leading of the shareholder registers, registration of the owners of securities and deals of purchase-sale and also for rendering all the depository services.

In order to improve the depository system and regulation of its activity, by the Degree of the President of the Azerbaijan Republic form May 14-th 1997, the regulations "On the National Depository System" and "On the Rules on leading of the shareholder's registry of the joint-stock companies created during the privatization of the state firms and specialized check investment funds" were approved. By the regulation on "National Depository System" the creation of the National Depository Center was stipulated.

On the 18-th of September, 1997 The National Depository Center was created. The National Property Committee was acting as a holder and founder of the block of shares of the National Depository Center. The shares of NDC were handed over to the State Committee for Securities after its creation. As a result NDC was anew founded by the State Committee for Securities on the 8-th of September 1999 and passed the national registration on September 17-th 1999.

The National Depository Center has a license on depository and registrational activity given by the State Committee for Securities under auspices of the President of the Azerbaijan Republic.

According to all above-mentioned regulations the National Depository Center is the state organization, which plays the main role in National Depository System, natural engaging the depository activity and carrying the record of depositories, that are included in depository system and making of its activity.

 International cooperations of NDC

With the purpose of improving the partnership relations with the depositories of CIS, Southeast Asia and Middle East countries, the National Depository Center takes part in all the conferences and seminars carrying out by these countries.

In 2000 NDC officials took part in the seminar carried out by Takasbank (Turkey).

In 2001 NDC was presented on the I International seminar of depositories of Asia region and CIS countries called "Integration of Depository Systems - the base of effective interaction on international market of securities", which took place in Tashkent.

In 2002 in order to develop and improve the corresponding relations the National Depository Center of Azerbaijan Republic and Uzbekisanian`s "Vakt" National Depository carried out a memorandum.

In 2002 NDC officials took part in international seminar with all the organizations, carried out by depositories of Kyrgizstan, Kazakhstan and the Republic of Korea.

The National Depository Center is seeking the development of friendly and corresponding relations with all the organizations that are interested.

Legal Address

National Depository Center

Address:

17 Bul Bul avenue,

Baku, Az1000, Azerbaijan Republic

tel: 994-12-4935058, fax: 994-12-4983550

WebSite: www.mdm.az

e-mail: info@mdm.az