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Supporting Capital Market Development and Reform in Developing Asia: Country Assessment Report for Azerbaijan

by Asian Development Bank
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Current price ₹2,648.00
Original price ₹2,842.00
Original price ₹2,842.00
Original price ₹2,842.00
(-7%)
₹2,648.00
Current price ₹2,648.00

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Book cover type: Paperback
  • ISBN13: 9789292777678
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Asian Development Bank
  • Publisher Imprint: Asian Development Bank
  • Publication Date:
  • Pages: 50
  • Original Price: USD 29.0
  • Language: English
  • Edition: N/A
  • Item Weight: 182 grams
  • BISAC Subject(s): Finance / General

This technical review shows how Azerbaijan can boost its capital market infrastructure and reinforce its securities clearing and settlement framework to align with international standards and improve market efficiency and transparency. It looks at the role, functions, and risks of the National Depository Center (NDC) which now serves as a settlement agent following a 2023 Law on Securities Market amendment. Pinpointing gaps in the guarantee-based settlement mechanism, it recommends Azerbaijan consider steps including establishing a clearing fund and introducing margin management. It explains why developing the NCD into a central counterparty would also help support the country's capital market development.

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