The Dubai Financial Market, DFM, and the South Korea Securities Depository, KSD, have signed a Memorandum of Understanding, MoU, which aims to strengthen and increase cooperation to develop the infrastructure for securities trading operations in the U.A.E. and South Korea.
The MoU will ensure a periodic exchange of information, the development of new services, and the establishment of operational links between DFM and KSD, which will contribute to increasing the effectiveness of depository and settlement systems and bolster the joint effort to develop the international securities sector.
The MoU was signed by Maryam Mohammed Fikri, Head of Clearing, Settlement and Depository Division and Executive Vice President at DFM, and Dr. Jaehoon Yoo, Chairman and CEO of KSD, in the presence of a number of senior officials from both sides.
Source : WAM News Agency for United Arab Emirates
