“The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that its board of directors meeting 29 September through absentee voting voted to withdraw from Bank "National Clearing Centre" Closed joint-stock company (NCC) through the sale of 4,700 common registered shares of NCC to MICEX.
NDC's board of directors has set a value for the transaction and has approved the terms of a sale and purchase agreement to be concluded between NDC and MICEX. It has been decided to decline a preferential right to acquire common non-documentary registered shares in Settlement depository company (Closed Joint Stock Company) (SDCO) sold by Gazprombank, another SDCO shareholder.
NDC's directors have approved Regulations regarding NDC's St. Petersburg branch and Siberian branch (Novosibirsk).
NDC's board of directors also approved a sponsorship of a CSD forum to be held by the Association of Eurasian Central Securities Depositories (AECSD), and considered a number of other issues.
"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 shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as 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 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, .