MICEX Settlement House Begins Operations as NDC's Regional Representative in Vladivostok

20 August 2009
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"The National Depository Center" (Closed Joint Stock Company), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that MICEX Settlement House has initiated operations as NDC's regional representative in Vladivostok. With effect from August 20, 2009 NDC participants are being served at MICEX Settlement House's Primorsk branch (3 Prospect Krasnoye Znamya, Office Room 6.4, Vladivostok, 690106).

Sergey Sukhinin, Chairman of the Board Executive, MICEX Settlement House, said: "Two months of successful operations of MICEX Settlement House's branch in Samara as NDC's regional representative allowed us to gain serious experience which will be taken into consideration in Vladivostok. Highly qualified personnel holding FFMS certificates for depository activities provide an additional guarantee of high quality services being provided to our customers."

Nikolay Egorov, Director General, NDC, added: "Provision of depository and settlement services to our clients through a single infrastructural organization is a natural direction for MICEX Group's development. We decided to consolidate business in the Primorsk branch of MICEX Settlement House. I am sure that this integration will lead to further improvement of the quality of services and will speed up the provision of services in the financial markets."

Previously the functions of the regional representative of NDC were provided by “Regional Exchange Center «MICEX Far East». The terms of depository services offered NDC participants remain unchanged. Detailed information about the services provided in Vladivostok is available at the following telephone numbers:

+7 (4232) 468343 (Primorsk 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 founders are MICEX and Bank of Russia (the founders’ shares in the votes are 50.16% and 42.30% respectively). Shareholders also include GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC 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 provision of 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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