The Board of Directors of the National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, has approved the following members of the company’s Committee on Innovations, Technologies and Products:
Director for Development, NDC
Project Director, OTKRITIE Brokerage house JSC
|3||Pavel Burov||Deputy Chief of Treasury, GPB (OJSC)|
|4||Valery Golovanov||Director of Corporate Debt Financing Department, «NOMOS- BANK» (Open Joint-Stock Company)|
|5||Polina Goloschapova||Head of Operations Department, Bank Credit Suisse (Moscow) CJSC|
|6||Anna Kuznetsova||Deputy General Director, MICEX Stock Exchange|
|7||Igor Marich||Vice President, MICEX|
|8||Elena Tchaikovskaya||Head of Department for Financial Market Regulation and Development, Bank of Russia|
At the same meeting, held Oct. 10, NDC’s Board approved the preparation of materials related to NDC’s reorganization from not-for-profit partnership to joint stock company by the Working Group for Reorganization. The working group recommended the closed joint stock company form as NDC’s future legal status. The Board of Directors delegated NDC management to continue to discuss the model of reorganization for the company with NDC’s founders and partners until 14 November.
NDC’s Board considered a financial report on NDC’s operations for 1H 2008, a report by the Internal Control Department for 2Q 2008, information on NDC’s competitive position and a report on NDC’s charitable activities for 1H 2008 and other issues.
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of 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, .