NSD Supervisory Board Approves Changed Tariffs for Settlement and Cash Services

13 October 2011
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MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board at the meeting held 11 October has made a decision on a change in Tariffs for Settlement and Cash Services held by NSD for its clients. The Board has approved a tariff in the amount of 10% of the sum of a transfer held by means of paper payment order (for the clients with who NSD terminated EDI agreements on its initiative).

The Supervisory Board has authorized the company's Executive Board to set a date of putting of the amended NSD Tariffs for Settlement and Cash Services into effect.

An increase in the tariff is connected with taking measures aimed at anti-money laundering and counter financing of terrorism including cases of revealing of indicators of the company's clients' suspicious transactions.

About NSD

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX 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.

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For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,

 

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