Renesource Capital has become a participant at Latvian Central Depository

02.04.2013 RIG

Riga, April 2, 2013 – Latvian Central Depository, part of NASDAQ OMX Group, informs that as of today AS IBS Renesource Capital has become a participant at Latvian Central Depository (LCD). Renesource Capital is 18th company that has obtained participant status at LCD enabling the company to provide its clients custody and services for the financial instruments registered with LCD and its partners.

Becoming a participant at LCD will enable Renesource Capital to provide direct settlement of financial instruments registered with LCD, and cash clearing for transactions and for corporate actions with regard to financial instruments.

Our offering to Renesource Capital not only enables the company to expedite settlement and transactions but also provides access to a large number of international securities, including equities, bonds and derivatives. Links and agreements between Latvian Central Depository and other international and regional depositories such as Clearstream, Estonian CSD, and Lithuanian CSD enable us to provide our clients direct access to a large pool of securities registered at our partners,said Raitis Vancāns, Head of Latvian CSD operations.

AS IBS Renesource Capital participant code at LCD is 0264.

 

About AS IBS Renesource Capital*
AS IBS Renesource Capital is one other the leading providers is Baltic’s in application of financial instruments in hedging risks related to currency, commodities and natural resources. The company offers its clients brokerage and other services enabling access to international commodities and financial markets. More about Renesource Capital: http://www.renesource.com/lv/index.php
*Information provided by Renesource Capital.

About Latvian Central Depository
Latvian Central Depository has the status of National securities depository. It performs the functions of central bank for securities: provides electronic accounting, safe-keeping and clearing and settlement for all Latvia-listed securities as well as for other securities registered with the LCD. Latvian Central Depository is an experienced national level registrar of electronic registers – in partnership with the State Social Insurance Agency it is maintaining the register of individual accounts for the second pillar of Latvian pension system. Latvian Central Depository also runs the Initial share register for securities that once were exchanged for privatization vouchers and have not been transferred to securities accounts in banks. Latvian Central Depository also manages shareholder registers for private joint stock companies, thus assuring high security for shareholders’ title. Latvian Central Depository is a daughter company of NASDAQ OMX Riga.

About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

 

Media contact: Aris Dreimanis, Head of Communications, Latvian Central Depository
Ph.: +371 67 212 431, aris.dreimanis@nasdaqomx.com

 

Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.


 

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