8 The Unified Central Securities Depository The Ministry of Finance of the Republic of Moldova THE STATE TREASURY Financial market reform in the Republic of Moldova Establishment of the Unified Central Securities Depository ID: 1028859
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1. Vienna, November 2018The Unified Central Securities Depository The Ministry of Finance of the Republic of MoldovaTHE STATE TREASURY
2. Financial market reform in the Republic of MoldovaEstablishment of the Unified Central Securities Depository Implemented under a joint program with the IMF and USAID
3. Based on provisions of the Law on Unified Central Securities Depositary, the Unified Central Securities Depositary (CSD) became operational on July 31, 2018The Unified Central Securities DepositoryNational BankMinistry of FinanceStock Exchange
4. The UCSD participants:- National Bank of Moldova - Ministry of Finance - 11 licensed banksThe Unified Central Securities Depository
5. Before Purchase/sale of Government securities on NET basisAfter A new account with the National Bank 33516002 – for transactions with government securitiesCash reserve on the accountPurchase/sale of government securities on GROSS basisDIRECT Debit for fees paymentsThe Unified Central Securities Depository
6. The UCSD is authorized to operate with the following securities: government securities debt issued by the Central Bank of the Republic of Moldova c) other securities specified in Article 4 of Law # 171 dated July11, 2012, on the capital marketThe Unified Central Securities Depository
7. At the initial stage the UCSD operates with securities issued by the Ministry of Finance and with financial instruments of the National Bank of the Republic of Moldova. Starting with December 31, 2018, the UCSD will work with corporate securities and investment companies.The Unified Central Securities Depository
8. The UCSD is authorized to provide the following services related to securities:Core services а) initial registration in e-format;b) accounts opening and administration;c) securities settlement system management;2) Additional services:a) post-trade services;b) securities registration and centralized management services:- services related to the shareholders register;- processing corporate transactions;- services related to new issues;- transmission and processing of instructions, collection of fees and processing of reports.The Unified Central Securities Depository