NSD Supervisory Board Approves Tariffs for Information Services

04 July 2012
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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 29 June approved the tariffs for information services.

Information services rendered by NSD to its customers include providing access to securities database and to scanned versions and hard copies of issue documentation, as well as distributing information to NSD’s participants.

The securities database includes information about issuers and their securities serviced by NSD (more than 4,500 securities issues); in particular, it comprises the calendar of corporate actions associated with bonds (over 30,000 actions). The information is presented regularly in a structured manner. This allows:

  • To receive information about securities in time and to process it quickly;
  • To reduce costs on collection and processing information about securities and corporate actions, in particular, to minimize labour costs by means of getting information automatically and importing data into internal systems;
  • To plan to take part in corporate actions in a timely manner, and to receive information about suspending operations with securities, receipt of funds etc.

Provision of scanned versions and hard copies of equity documents allows systematizing and optimizing work with the documents for making investment decisions, keeping records of bond issues and respective corporate actions.
Distribution of information to NSD’s participants allows issuers to inform securities holders about material events (which are not subject to mandatory disclosure) and to decrease the issuers’ expenses for submitting information to a wide range of securities holders.

The tariffs are to be put into effect on 1 July 2012. More information about the tariffs is available at NSD’s web site (in Russian).

The Supervisory Board elected the following members of the Budget Committee:

  1. Vadim Subbotin, Managing Director responsible for finance, Member of the Management Board, Moscow Exchange (Chairman of the Committee);
  2. Vladislav Zimin, Economic Advisor, Market Services Department, Bank of Russia ;
  3. Andrei Ponomarev, Deputy Chief of Liquidity and Treasury Operations Department, Sberbank;
  4. Natalia Sidorova, Head Securities Services, ING Commercial Banking;
  5. Vladimir Tatsiy, First Vice President, GPB (OJSC);
  6. Nadezhda Ushakova, Senior Vice President, Head of Depository, JSC VTB Bank;
  7. Tatyana Fomina, Head of Financial Market Operations Division in the Banking Operations Department, ZAO UniCredit Bank.

The participants of the meeting also elected the following members of the Audit Committee:

  1. Andrei Remnyov, Director of Depository, Vnesheconombank (Chairman of the Committee);
  2. Mikhail Bratanov, Director of Depository, ROSBANK (OJSC JSCB);
  3. Maria Ivanova, Head of Domestic Custody Services, Deutsche Bank Ltd.;
  4. Yekaterina Sizova, Head of Depository Services Division, JP Morgan Bank International;
  5. Natalia Sidorova, Head Securities Services, ING Commercial Banking;
  6. Nadezhda Ushakova, Senior Vice President, Head of Depository, JSC VTB Bank;
  7. Alexei Fedotov, Head of Securities and Funds Service, ZAO Citibank;
  8. Tatyana Fomina, Head of Financial Market Operations Division in the Banking Operations Department, ZAO UniCredit Bank;
  9. Alexander Scheglov, Executive Director responsible for mortgage operations, Agency for Housing Mortgage Lending OJSC.

The Supervisory Board approved the new version of the Regulations on Customer Committee for Settlement & Depository Services and Tariffs. Maria Ivanova, Head of Domestic Custody Services, Deutsche Bank Ltd., was elected as Chairman of the Customer Committee for Settlement & Depository Services and Tariffs. She is to present a list of candidates to the members of the Committee for approval by the Supervisory Board.

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