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Trace Financial's Transformer helps NSD move to ISO 20022.

BANKING AND CREDIT NEWS-September 27, 2016-Trace Financial's Transformer helps NSD move to ISO 20022


Trace Financial's Transformer has played a significant role the new service delivery of Russia's National Settlement Depository (NSD), the company said.

The NSD, which is the country's central securities depository, is engaged in a multi-year project to modernize the infrastructure of securities processing based on the ISO 20022 standard. It has recently announced solutions easing the management of corporate actions related to AGM and other types.

The National Settlement Depository (NSD) is a Russian non-bank financial institution, central securities depository and professional securities market participant engaged in depository business. The NSD is a member of the Moscow Exchange Group and provides depository, settlement, and related services to financial market players

Trace Financial Limited specializes in financial message transformation, and has been designing, implementing and supporting mission critical solutions to the financial industry for over 30 years. Trace Financial is part of the privately-owned Trace Group.

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Publication:M2 Banking & Credit News (BCN)
Date:Sep 27, 2016
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