1. The Unified Central Securities Depository
The Ministry of Finance of the Republic of Moldova
THE STATE TREASURY
The Unified Central Securities Depository
Vienna, November 2018

2. Financial market reform in the Republic of Moldova
Establishment of the Unified Central Securities Depository
Implemented under a joint program with the IMF and USAID

3. The Unified Central Securities Depository
Based on provisions of the Law on Unified Central Securities Depositary, the Unified Central Securities Depositary (CSD) became operational on July 31, 2018
National Bank
Ministry of Finance
Stock Exchange
The Unified Central Securities Depository

4. - National Bank of Moldova - Ministry of Finance - 11 licensed banks
The Unified Central Securities Depository
The UCSD participants:
- National Bank of Moldova - Ministry of Finance licensed banks

5. The Unified Central Securities Depository
After
A new account with the National Bank – for transactions with government securities
Cash reserve on the account
Purchase/sale of government securities on GROSS basis
DIRECT Debit for fees payments
Before
Purchase/sale of Government securities on NET basis

6. The Unified Central Securities Depository
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 market

7. The Unified Central Securities Depository
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.

8. The Unified Central Securities Depository
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.