Date:26/06/2007 URL: http://www.thehindu.com/2007/06/26/stories/2007062650871800.htm

Business - Briefly

Depository Trust signs MoU with NSDL

MUMBAI: The Depository Trust & Clearing Corporation (DTCC), New York, has signed a memorandum of understanding with National Securities Depository Ltd. to forge closer ties between the two organisations. Under the MoU, NSDL and DTCC will establish a mechanism whereby senior management and staff of both sides can meet on a regular basis to increase mutual understanding and exchange market updates, improvement opportunities and information on business operating models.