MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has announced results of a meeting of the company's Supervisory Board held 5 March.
In accordance with the shareholder agreement dated 30 June 2011 and on basis of suggestions made by MICEX-RTS, NSD's shareholder, the Supervisory Board has made the following decisions:
- to place the following item on the agenda of NSD's annual general meeting of shareholders (AGM) to be held in 2012: "To specify a number of members of NSD's Supervisory Board as 15 (fifteen) for the period until NSD's AGM to be held in 2013"
- to nominate seven candidates to the Supervisory Board and three candidates to NSD's Audit Committee to be put to vote at the AGM to be held in 2012.
The company's Supervisory Board has also approved adjustment coefficients used for calculation of a tariff for NSD's services related to safekeeping of securities stored in international depositories. The Board also made decision to use the maximal coefficient for calculation of the tariff if a security is kept in several depositories.
The amended Tariffs for NSD's depository services are to be put into effect starting 1 April 2012. More information about the tariffs is to be available since the same date at NSD's web site (in Russian).
The Board has also taken into consideration a report submitted by NSD's Internal Audit Division for 2H 2011.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru/ , or NSD Public Affairs Division: +7 495 232 0910,
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