MOSCOW – The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, has announced that for the first eleven months of 2006 the value of securities on deposit rose by 80% in comparison with the same period for 2005, reaching RUR3.18 trillion, or US$121 billion. The market value of shares in NDC custody reached RUR1.061 trillion (up 314% for the first 11 months of 2006), exceeding the total value of corporate, municipal and federal bonds and state securities.
The number of inventory operations from 1 Jan. to 30 Nov. reached 1.6 million, of which 72% or 1.3 million involved shares. Securities transferred during inventory depository operations for the first eleven months of 2006 numbered more than 647.5 trillion. Number of shares transferred during inventory depository operations for the first eleven months of 2006 reached 620.4 trillion. This is 96% of the total number of all securities transferred in inventory operations in Jan.-Nov. 2006.
The rise in market value of shares in NDC custody was driven by the increase in share volumes traded on MICEX, and by growth in the volume of second and third tier shares. Second and third tier shares now account for 50% of all shares on NDC deposit.
In particular, for the first eleven months of 2006, OJSC Gazprom ordinary shares on NDC client accounts rose from 0 to 6.3% (1,496,541,116 shares) of total shares issued;
- OJSC LUKoil ordinary shares held on NDC client accounts rose from 1.7% to 3.5% (29,993,896);
- CJSC Polyus Gold ordinary shares held rose from 0 to 4.3% (8,212,798);
- OJSC Rostelecom ordinary shares held rose from 17.7% to 40.5% (294,797,614);
- OJSC Rostelecom preferred shares held rose from 19% to 48.7% (242,910,769);
- Sberbank ordinary shares held rose from 4.9% to 5.8% (1,099,996);
- Sberbank preferred shares held rose from 27% to 38.6% (50,000,000);
- OJSC Tatneft ordinary shares held rose from 3.3% to 5.9% (128,804,497); and
- OJSC Tatneft preferred shares held rose from 20.9% to 26.4% (38,888,661).
The NDC turnover for the first eleven months exceeded RUR26.5 trillion. This is 109% more than for the same period of 2005 (RUR12.7 trillion). Securities on deposit numbered over 169.2 trillion. This is 236.5% more than as of 30 Nov., 2005.
According to reports submitted by Russian depositories to Russia's Federal Financial Markets Service, as of 30 June, 2006, the market value of shares on deposit with NDC reached RUR656.97 billion, the market value of the shares on deposit with DCC, an NDC subsidiary, reached RUR1 trillion, and the market value of shares on deposit with RDK, another NDC subsidiary, reached RUR989.6 billion.
Value of the securities on deposit in NDC accounts is an operational indicator which does not include the market value of other assets held in issuers’ accounts. The value of shares and units of Unit Investment Trusts is based on market value, and the value of bonds is based nominal value.
You can receive the additional information in Press-service NDC by phone (495) 232-09-10 or e-mail: .