(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 24. The Central Bank
of Azerbaijan (CBA) has presented a system of issuing securities,
trend reports on
November 24 via the CBA.
According to the bank, the system will be launched in the coming
days as one of the digital capital market services to create
flexible financing opportunities for issuers in the capital market
and facilitate access to the market.
The launch of the system will allow digitalization and provide
the services of the CBA, the National Depository Center (NDC) and
the Baku Stock Exchange (BSE) to issuers in the process of issuing
investment securities on the 'single window' principle.
'A number of functions have been created in the system to expand
the ability of issuers to receive financing from the capital
market. As a result of the digitalization of processes, issuers
will be able to centrally contact the above-mentioned institutions
through a single portal and upload documents requested by
institutions only once,” the CBA said.
“Besides, the system envisages the possibility of concluding
online agreements with the NDC and the BSE on the listing of
securities, on the storage and accounting of securities in the
depository system, the payment of the state fee for approving issue
prospectuses through the system and the transfer of authority to
apply through the system to a third party, and other
possibilities,' added the CBA.
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