NDC and MICEX SH to Represent Russian Financial Infrastructure at SIBOS 2009

25 August 2009
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"The National Depository Center" (Closed Joint Stock Company) (NDC) and MICEX Settlement House (MICEX SH), announced today plans for their participation at Sibos 2009, one of the biggest international forums for financial market participants. The two companies are to represent Russia’s settlement and depository infrastructure and to present new settlement services to international financial institutions.

Last year's Sibos special program dedicated to Russia and the CIS countries aroused the interest of the international audience and confirmed the rising role of Russia and the CIS countries as priority partners. Sibos 2009 will also include a session that will be held on 15 September, focused on Central Asia's related issues (Central Asia: Ready for expansion?). The session will include the following topics:

-         How can Moscow and Almaty, as financial centers, contribute to the expansion of the region?

-         How can the financial institutions in the region support trade relations with Asia and China in the future?

With the goal of creating an international financial center in Moscow and of attraction investors in 2009 a regulatory framework has been improved with regard to the circulation of foreign securities in Russian market. This considerably expands opportunities for new settlement services development and Russian infrastructure's integration into the global market. New settlement services, the adoption of ISO standards, and other further initiatives are to be presented and discussed at the Sibos special session "Russian settlement infrastructure." The session will be held on 15 September at 2pm. Among the session's speakers will be the following persons:

·        Mr. Oleg Perestenko

Bank of Russia, Payment systems department, Deputy Director

·        Mr. Nikolay Egorov

MICEX, Senior Vice-president and Member of the Executive Board, NDC, Director General

·        Mr. Sergey Sukhinin

MICEX Settlement House, Chairman of the Board Executive


NDC and MICEX SH invite the forum's participants to visit the companies' joint stand 3B13 on 15 September, 2009 at 5pm and to take part in a cocktail party. The guests will be able to continue discussion of topical issues and to get more information about two companies' business.

Sibos participants interested in attending the "Russian settlement infrastructure" session should register in advance. Online registration is available at http://roadshow.micex.ru/events/12 .

 

About Sibos:

Sibos is an international forum organized by SWIFT. It will be held in Hong Kong on 14-18 September, 2009. Over 7,000 financial specialists will take part in the conference in order to discuss new financial technologies, processes, their efficiency and safety. Further information about Sibos is available at www.SWIFT.com.

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 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 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 %), 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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