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NDC, Moscow chooses TCS depository product

CHENNAI: Tata Consultancy Services has announced a strategic initiative in the Russian market. TCS' Securities product, eClearSettle, was selected by the National Depository Centre, Moscow, as its solution. NDC, as part of its growth strategy, will participate in establishing a central securities depository to make the Russian stock market more liquid with low risks and high levels of guarantees. As per the agreement, TCS will customise and implement eClearSettle for providing depository, clearing and settlement services.

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