Kazakhstan, Azerbaijan Boost Financial Ties with Mutual Account Agreement

The National Depository Center (NDC) of Azerbaijan and Kazakhstan’s Central Securities Depository have formalized an agreement to open mutual accounts, aiming to deepen financial integration between the two nations.

The agreement was signed by the chairpersons of both organizations during the World Forum of Central Securities Depositories held in Almaty, Kazakhstan, The Caspian Post reports via NDC.

This collaboration seeks to expand cross-border access for investors by creating a direct link between the capital markets of Azerbaijan and Kazakhstan. The new mechanism will enable investors to trade seamlessly on both countries' stock exchanges, promoting greater cross-border investment flows and enhanced market connectivity.

Under this inter-depository cooperation, market participants will be able to hold securities directly in nominal accounts within the central depositories, facilitating more efficient settlement processes. The initiative is expected to unlock new opportunities for Kazakh investors interested in Azerbaijan’s market and for Azerbaijani investors looking to enter Kazakhstan’s financial space.