The Central Depository of Armenia (CDA) goes live with DEPEND
The Central Depository of Armenia (CDA), part of NASDAQ OMX Group, goes live with DEPEND. DEPEND will support launching a new business model of depository operations in Armenia. It will align with the best international standards, ensuring higher level of safety and efficiency of operations. Implementing DEPEND and launching a new business model of depository operations is Armenia’s first step at improving services provided to companies and shareholders, as well as increasing efficiency of execution and protection of their rights. Within the new model, CDA will be capable to ensure centralized registry keeping, securities custody as well as clearing and settlement of stock exchange transactions through introduction of specialized software solution and enhanced hardware and security facilities.