Azerbaijan's National Depository Center Shapes New Architecture For Opening Depo Accounts
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 2. The National
Depository Center of Azerbaijan (NDC) has formed a new architecture
for opening depo accounts, Trend reports.
According to the information, the new architecture allows
investment companies of NDC to remotely open depo accounts for
their clients.
Within the framework of the new architecture, the clients of
investment companies will be able to remotely open depo accounts
via API (Application programming Interface). NDC's member
investment firms that provide this infrastructure will
automatically create depo accounts after filling in the required
client-related cells. The practice of remote account opening by
investment companies is defined in line with the experience of
Türkiye, Germany, the UK, and other advanced countries.
"This new architecture will contribute to the development of the
capital market by providing a favorable environment for investors,
which will make opening depo accounts faster and easier, increase
customer satisfaction, and enable more efficient investment
activities," the information notes.
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