NDC Announces Changes Among Issuers Admitted to the NDC-DCC Bridge

30 April 2009
Print version

The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has announced that with effect from May 1, 2009, Joint-Stock Company “Chelyabinsk Zinc Plant” will be included among securities admitted to the NDC-DCC Bridge, and Joint Stock Company «South Generation Company — TGC-8» (JSC SGC TGC-8) is to be excluded. Exclusion of JSC SGC TGC-8 from the list is the result of the repurchase of shares in accordance with Clause 84.8 of the Federal Law “On Joint Stock Companies.”

Thus the NDC-DCC Bridge currently services the securities of 87 issuers and 119 securities issues.

Interaction between the two settlement depositories NDC and “DCC” began on May 26, 1999, when the first operations using the “bridge” were carried out. The NDC-DCC Bridge allows the execution of direct settlements without any re-registration with the registrars.

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 Department: +7 495 232 0910, .

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