Russia's NSD earns premier status for Swift Service Bureau
21 September 2016 | 1801 views | 0
Source: National Settlement Depository
SWIFT has assigned the Premier certification status to the Service Bureau of National Settlement Depository (NSD), Russia’s central securities depository.
NSD’s Service Bureau has become the first bureau to receive this status in Eastern Europe. Compliance with Premier status requirements lets NSD guarantee its clients the maximum level of safety and reliability when using NSD for SWIFT system work.
To meet SWIFT requirements for ensuring the reliability and safety of Service Bureauх functioning (Shared Infrastructure Programme), two levels of certification have been implemented: Standard and Premier levels. The Premier level differs from the Standard one in that a Service Bureau backs up SWIFT's technical infrastructure and uses control procedures equivalent to the SWIFT level, offering clients a safe working environment. Thus the service bureau can secure a level of protection and reliability that is identical to direct connection to the system.
14 service bureauх in the world have the Premier status: 7 of them are located in Europe (including the Russian one), and the other 7 bureauх are located in North and South America.