Update on CSDR

UniCredit Bank S.A.
Summary: 
National Bank of Romania (NBR) offers new segregated account structure in accordance with CSDR
Thu, 21/05/2020

National Bank of Romania (NBR), as owner of the Depository for Government Bonds in Romania (SaFIR), reiterates the implementation of the new segregated account structure, in order to comply with CSDR requirements. The new account structure will become operational as of 29 June 2020.

According to CSDR, NBR and Participant Banks to SaFIR have the obligation to offer the possibility to open segregated accounts in SaFIR.

 

Impact on investors:  New functionalities in NBR’s system provide the option to open segregated accounts, starting from 29 June 2020