MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces that its Supervisory Board at the meeting conducted 28 June made the following decisions on the company's tariffs:
- To establish a monthly fee for securities safekeeping and record keeping in the amount of RUB100 per one securities issue kept in a depository account but not more than RUB3,000 if it is impossible to determine a market price for shares, UIT units, depository receipts including receipts kept with international depositories
- To expand a rate scale used for calculation of a monthly fee for ADRs/GDRs safekeeping to all types of instruments kept with international depositories except bonds
- To use a rate scale used for calculation of a monthly fee for safekeeping and record keeping of instruments kept with international depositories except ADRs/GDRs.
The amended tariffs are to come into effect on 1 August, 2011. Since this date the detailed information about the tariffs will be available at NSD's web site in the section "Tariffs for NSD’s services" (in Russia).
NSD Supervisory Board approved the new version of the Regulations on Internal Audit and its Working Plan for 2H 2011. The Board appointed Tatiana Gello a Chief of the company's Internal Audit.
The participants of the meeting took into consideration a report of the Internal Audit for 1H 2011, approved NSD's Operating Risk Management Policy, approved an amended NSD's Portfolio Investment Declaration, and considered a number of other issues.
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.
For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,