The Latvian Central Depositary (LCD), part of NASDAQ OMX Group has announced that Renesource Capital has received participant status at the depositary. As a participant, the Latvian broker will be able to provide its clients with custody and services of financial instruments registered with the LCD and its partners.
The announcement follows an earlier mention from Vladislavs Masalskis, Head of Brokerage Department at Renesource Capital who we spoke to last month in regards to Latvia’s application within the Eurozone. Becoming a member of the LCD will provide Renesource with greater brokerage services for its clients in both local and international securities.
Renesource Capital is granted participant status at Latvian Central Depositary
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.
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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