NDC Board of Directors Approves Change in Membership of Its Technological Policy and Development Committee

27 April 2010
Print version

MOSCOW - "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, reports that its Board of Directors at the meeting held 26 April has approved the early termination of the authority of Dmitry Ludvik, member of the Technological Policy and Development Committee of NDC’s Board of Directors. The Board elected Dmitry Medvedev, Manager of Product Development Department, ING BANK (EURASIA) ZAO, the new member of the Committee.

1 Nikolai Degtyarev Deputy Director - Head of Department for Provision of Operations and Technologies in the Directorate for Provision of Audit of Operations in Financial Markets, Bank of Russia; Chairman of the Technical Policy Committee of the Board of Directors, MICEX
Chairman of the Committee for Technological Policy and Development of NDC’s Board of Directors
2 Oleg Doyenkin Project Director, Department of Financial Infrastructure Development, GPB (OJSC)
3 Nikolay Egorov  Senior Vice President, Member of the Management Board, MICEX
4 Igor Krasnopivtsev Head of Treasury's Automated Systems Development Department in the Directorate of Liquidity Management, Treasury Operations Provision and Financial Markets, Sberbank
5 Dmitry Medvedev Manager of Product Development Department, ING BANK (EURASIA) ZAO
6 Andrei Medvedev Head of Project, IT Department, ZAO UniCredit Bank

NDC's Board of Directors decided to conclude an agreement with RTS on sale and purchase of 14,789,405 common registered non-documentary shares of DCC given that the price of one share of DCC is to be RUB29.63.

The company's Board of Directors also approved suggested amendments to NDC's Budget (income and expenditure estimate) for 2010, the new version of NDC's income and expenditures estimate for 2010 and considered few other issues.

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types 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, the majority of transactions with equities and also services UIT units and Eurobonds. 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 substitute 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”, CB “J.P. Morgan Bank International” (LLC), ZAO UniCredit Bank, Deutsche Bank Ltd, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).


For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

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