Functions

According to the Law on Securities, the Depository performs the following functions:

  • Registration of the issuance and transfer of securities in the Republic of Macedonia in the form of electronic records (keeping a register of securities);
  • Provision of international identification number of securities (ISIN) for all securities issues;
  • Registration of holders of securities;
  • Settlement of trade transactions according to the principle "delivery versus payment";
  • Execution of non-trade transfers (implementing gift agreements, inheritance decisions, court decisions, etc.);
  • Creation of conditions that enable the borrowing of securities;
  • Monitoring of the financial condition of its members, in order to manage the risks associated with the possibility of failure to settle the trade transactions, and
  • Performance of additional services for the issuers of securities.