The development of the Croatian market has greatly benefited from the launch of the Central Depositor...
The development of the Croatian market has greatly benefited from the launch of the Central Depository Agency (CDA). The CDA is a new institution that brings the Croatian market more on par with western developed financial markets. The essential advantage of the CDA is to lower settlement risk which, in turn, brings additional security of transactions and attracts new investors. This is good news for the Croatian market and the growth in emerging market securities trading. In practical terms, by having the CDA up and running the share process is automated and electronic. The registration...
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