MICEX Settlement House Begins Functioning as NDC's Regional Representative in Samara

06 July 2009
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The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that MICEX Settlement House has begun operating as NDC's regional representative in Samara. With effect from July 1, NDC participants are being served at MICEX Settlement House's Samara branch (78 Michurina Str. 443110 Samara).

Sergei Sukhinin, Director, MICEX Settlement House, said: "We consider this project to be very important, for the designation of our Samara branch as NDC’s representative means expansion of our functions. Our personnel’s  professional skills will ensure the highest level of quality of services provided by the MICEX Settlement House."

Nikolay Egorov, Director, NDC, added: "The existence of a network of branches and representative offices in major Russian business centers such as St. Petersburg, Yekaterinburg, Nizhny Novgorod, Rostov-on-Don, Samara, Novosibirsk and Vladivostok allows NDC to provide services to professional participants in the  securities market and investors all over the country. We think that after the transfer of regional representative functions to MICEX Settlement House in Samara, our clients will gain access to a wide range of services. Both companies will benefit from that development."

The transfer of NDC's regional representative functions to MICEX Settlement House is connected with the suspension of operations of Open Joint Stock Company "Samara Currency Interbank Exchange". The terms of depository services offered NDC participants remain unchanged. Detailed information about the services provided in Samara is available on the following telephone numbers: +7 846 336-9008 (Samara branch of MICEX Settlement House), +7 495 956-2789 (NDC Customer Services Department).

About NDC:

Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC 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, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank (Vneshtorgbank), Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. The Partnership also has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).

For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910, .

About the MICEX Settlement House:

The MICEX Settlement House (MICEX SH) is Russia’s largest non-banking credit institution specializing in providing settlement services to participants in financial markets of the Russian Federation. MICEX SH provides settlement services that meet present-day requirements for efficiency, continuity and operational reliability. In accordance with agreements concluded between MICEX SH and the Bank of Russia, MICEX SH acts as a settlement center for the organized securities market.

The register of MICEX SH’s shareholders includes, among others, such companies as MICEX (88.709 %), UniCreditBank (3.6 %) and Sberbank (2.267 %).

Services provided by the MICEX Settlement House are in high demand. Its clients number more than 820 major banks and financial companies from various regions of Russia, such as Sberbank, Gazprombank, Vnesheconombank, JSC VTB Bank, financial companies Troika Dialog and BrokerCreditService Ltd., subsidiaries of major foreign financial institutions, including J.P. Morgan Chase Bank, Citibank, Deutsche Bank, UniCredit Bank, Raiffeisenbank, Russian and foreign exchanges, the largest international brokerage company Cargill International and other organizations.

For further information about MICEX SH: http://www.micex.ru/group/settlementhouse/.

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