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The Central Depository of Armenia launched services of notifying issuers on securities flow on their accounts. This service is widely used in international markets, and the Depository was the first to implement it 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, the Central Depository press office reported.

Another new service, provided by the Depository, is securities transfer based on “Delivery versus Payment” (DVP) principle, which 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 and ensures that securities/funds are not transferred until there are sufficient funds/securities on the account of the other party of transaction. The Depository settles transactions only upon simultaneous availability of necessary funds and securities on the accounts of both parties. From now on entities transferring securities on OTC market can be sure that they won’t lose any assets in OTC market.