MOSCOW (RNWire) - The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of securities issued by Russian issuers, announced today that it has signed an additional agreement with DCC CJSC. According to the agreement, effective from 11 March, shares in 15 additional issuers will be serviced through the NDC-DCC “bridge”.
The list of additions to the “bridge” includes Acron OJSC, Bank Uralsib OJSC, Veropharm OJSC, PIK Group OJSC, Kazan Helicopter Plant OJSC, Magnit OJSC, Moskovskaya Telposetevaya Kompaniya OJSC, Moskovskaya Obyedinennaya Elektrosetevaya Kompaniya OJSC, Mosenergosbyt OJSC, Polymetall OJSC, Raspadskaya OJSC, Rosbank OJSC, Seventh Continent OJSC and TMK OJSC.
The “bridge” links Russia’s two leading trading systems – MICEX and RTS - and represents a means of facilitating securities transfers between NDC, which services MICEX-listed securities, and Depository Clearing Corporation (DCC), which services RTS securities.
The NDC-DCC “bridge” currently services the securities of 77 issuers.
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 95% of transactions conducted in the corporate and regional bond markets, and stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. For 2007 the value of assets in storage was more than RUR4.3 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, the substituting numerating agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan and the NDC of the Republic of Azerbaijan.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property are 46.7% and 39.3% respectively, and in the votes 50.2% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank of Russia. The Partnership also has a stake in Depository Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (29%).
For further information about NDC: www.ndc.ru, or NDC Public Affaires Department: +7 495 232 0910, .