BAKU, Azerbaijan, September 1. The National
Depository Center of the Republic of Azerbaijan (NDC) was admitted
to the European Central Securities Depositories Association (ECSDA)
during the “PostTrade 360° 2026” event held in Stockholm,
Sweden.


This was announced in a statement by the press service of the
National Depository Center, following the meeting of the ECSD’s
Board of Directors held in Stockholm.


According to the information, the meeting was attended by Elchin
Alizade, Chairman of the NDC’s Board of Directors, and Mushfig
Ahmadli, Advisor to the Chairman of the Board of Directors.


In the course of the meeting, the NDC Board of Directors was
briefed on the NDC’s role in the Azerbaijani capital market, areas
of institutional and technological development, reforms
implemented, and opportunities for international cooperation.


The European Central Securities Depositories Association is one
of the leading professional platforms in the European post-trade
and central securities depository ecosystem. The Association brings
together 40 national and international central securities
depositories. Its members include leading financial market
infrastructures such as Euroclear, Clearstream, SIX SIS, Nasdaq
CSD, and Euronext Securities.


“The National Depository Center’s membership in ECSDA is of
great importance in terms of further integrating Azerbaijan’s
capital market infrastructure into European financial markets,
promoting the adoption of best international practices and
standards, and strengthening institutional cooperation with leading
central securities depositories,” the statement reads.







Elchin Alizade, Chairman of the NDC’s Board of Directors,
previously told Trend in an exclusive interview that expanding
cooperation with international depositories is one of the Center’s
top priorities.


“We have already established reciprocal accounts with
Kazakhstan’s central depository and Türkiye’s Central Securities
Council, which strengthens regional integration. At the same time,
work is continuing to open accounts on global depository platforms,
such as Clearstream,” Alizade said.


According to him, the NDC is also negotiating to expand
relations with a depository in another country and open reciprocal
accounts.


“The main goal is to ensure compliance with international
requirements and the implementation of standards to combat money
laundering and terrorist financing. This compliance is one of the
key conditions for integration with international organizations,”
the chairman of the NDC noted.