The National Depository Center (NDC) is a non-profit legal entity established by the financial market supervision authority of the Republic of Azerbaijan. The main purpose of NDC is the organization and coordination of the depository system that engages in safekeeping of securities, keeping records of ownership rights and other ones, as well as registering securities transactions.
NDC’s activities are the following:
- National Numbering Agency
- Trustee services
- Paying agent service
NDC is guided by the Law of the Republic of Azerbaijan “On Securities Market” approved by the Decree of the President dated July 14, 2015, the Civil Code and other regulatory legal acts of the Republic of Azerbaijan, as well as its Charter. According to the Law of the Republic of Azerbaijan “On Securities Market”, NDC performs clearing activity without getting the appropriate license.