BAKU, Azerbaijan, April 29. A Memorandum of
Understanding (MoU) has been signed between the Baku Stock Exchange
(BSE) and the National Clearing Company of Pakistan Limited
(NCCPL), Trend
reports via BSE.
The document was signed by BSE Chairman of the Board Ruslan
Khalilov and NCCPL Chief Executive Officer Naveed Qazi.
"The main purpose of the memorandum is to expand cooperation in
the field of Central Counterparty (CCP) operations and related
market infrastructures, promote mutual exchange of knowledge and
experience, as well as strengthen technical potential.
Within the framework of this cooperation, the parties will also
consider the possibility of implementing joint initiatives in the
direction of developing capital markets infrastructure.
This step is of great importance in terms of expanding
international partnerships and further developing local capital
markets," the BSE statement noted.
