NDC Annual Report Recognized in RTS Disclosure Award

17 November 2008
Print version

The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, has taken the third prize in the “Best information Disclosure for Clients” category of RTS Stock Exchange’s Annual Reports Award. NDC’s annual report was one of 27 from Russia financial, trade and construction organizations reviewed in the competition.

Evaluation in the category covered provision of general information about the company (company history, stages of development, general information about company operations), about its operating results for the reporting year (basic events, financial results, achievements), provision of information about the company’s management, its range of services (description of the services and tariffs), competitive analysis, client base, partners, development strategy and risk management.

In all, annual reports from 128 companies were submitted for this year’s competition. This is 14 more than in 2007, and 99 more than ten years ago when the first competition took place. The nominated companies represented a wide range of Russian industries including oil and gas, energy, metallurgy, banking, real estate, telecommunications, investment, mining and the automotive sector.

The awards ceremony was held in Moscow on 14 November.

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, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, 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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