History of MDM
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1997Establishment of the National Depository Center
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1998With the entry into force of the Law of the Republic of Azerbaijan “On the Securities Market” by Decree of President Ilham Aliyev dated 14 July 2015, the NDC was declared the Central Depository — the central institution of the depository system. Its legal form was changed to a non-commercial legal entity. Connection to the SWIFT network
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2001Launch of services related to corporate bonds
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2004Launch of securities services for banks. Co-founder of the Association of Eurasian Central Securities Depositories (AECSD)