NDC Begins Monthly Disclosure of the Value of Its Internal Funds

24 July 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, announced today that starting July 1, 2009 it will begin reporting the value of its internal funds, a special indicator calculated  in accordance with the Federal Financial Markets Service's Order #08-40/pz-n dated 23 October, 2008 "On an Amendment to the Requirement Criteria for Internal Funds of Professional Participants in the Securities Market, Investment Funds' Asset Management Companies and Non-State Pension Funds Approved by the Federal Financial Markets Service's Order #07-50/pz-n dated 24 April, 2008.". The disclosure will be made as of the last day of each month.

More information about the calculation of NDC's internal funds is available on NDC's web site:  www.ndc.ru

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), Evrofinance 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 Division: +7 495 232 0910, .
 

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