MICEX Settlement House Begins Operations as NDC's Regional Representative in Rostov-on-Don

01 December 2009
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“The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and MICEX Settlement House, announce that on December 1st, 2009 MICEX Settlement House assumed functions of NDC's regional representative in Rostov-on-Don. NDC’s participants will now be served in MICEX Settlement House's Rostov branch (78 Sokolova pr. 344010 Rostov-on-Don).

Sergey Sukhinin, Chairman of the Board Executive, MICEX Settlement House, pointed out: "The optimization of settlements between financial market participants presupposes expansion of MICEX Settlement House's functions; so the transfer of depository functions to our company's branches will contribute much to this. It is noteworthy that this joint project is another step towards the consolidation of NDC’s and our company’s businesses. As a result of successful operations of MICEX Settlement House's Samara and Primorsky branches representing NDC, we are confident of success in Rostov-on-Don and in other cities of our presence. The skills and proficiency of our branch staff add to the high quality of services provided to our clients."

Eddie Astanin, Director General, NDC, continued: "Integration of the settlement and depository business at the Rostov branch of MICEX Settlement House is in line with the development strategy of NDC and MICEX Settlement House, both of which are parts of the MICEX Group. We hope that regional market participants and our clients will see this project's synergistic effect and will use the additional opportunities to implement their investment strategies in the market."

Previously the functions of the regional representative of NDC in Rostov-on-Don were implemented by Regional Exchange Center “MICEX – SOUTH”. The terms of depository services offered NDC participants remain unchanged. Detailed information of the provided services in Rostov-on-Don is available at the following telephone numbers: +7 846 200 8427 (Rostov branch of MICEX Settlement House), +7 (495) 956-2789 (NDC Customer Services Department).

About NDC:

"The National Depository Center" (Closed Joint Stock Company) 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 shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) CJSC, JP Morgan Bank International LLC, CJSC UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).

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 %), ZAO UniCredit Bank (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, GPB (OJSC), Vnesheconombank, JSC VTB Bank, financial companies Troika Dialog and BCS Ltd., major foreign financial institutions subsidiaries, including CB “J.P. Morgan Chase Bank”(LLC), ZAO Citibank, Deutsche Bank Ltd., ZAO UniCredit Bank, ZAO Raiffeisenbank, Russian and foreign exchanges, the largest international brokerage company subsidiary “Cargill Yug. Ltd.” and other organizations.

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

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