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 North 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.