MOSCOW – On 26 December 2012, the Bank of Russia assigned payment system operator status to National Settlement Depository (NSD), Russia's central securities depository, under the registered name “NSD Payment System.” A record reflective of this was generated in the register of payment system operators the same day (registration number 0014).
NSD Payment System has been recognized by the Bank of Russia as systemically important on the basis of reasons established by Federal Law #161-FZ “On a National Payment System” dated 27 June 2011 (Section 1, Clause 22).
Eddie Astanin, Chairman of the Executive Board, NSD, said: “To secure payment system operator status, NSD integrated the most important infrastructural functions: the functions of the central securities depository, the clearing organization and the payment system. Such position is in line with NSD’s development strategy approved by our Supervisory Board. Our task is to achieve a synergy by integrating these functions, which we need to increase the efficiency and competitiveness of the Russian financial market.”
NSD Payment System is based on the company’s settlement system following the decision made on 30 March 2012 by the NSD Supervisory Board in accordance with Federal Law #161-FZ “On National a Payment System” dated 27 June, 2011.
The rules of NSD Payment System will be published shortly on the company’s web site.
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.
NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.
Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.
Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia
For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mail
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