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 Russia's Top 30 Depositories Ranking for 2008 has confirmed NDC’s position as the leading Russian depository. Also according to the mentioned above Ranking NDC is a leader among Russia's settlement depositories on the basis of equity securities.
NDC's share in aggregate value of securities on accounts among Russian settlement depositories by the end of 2008, where market value is calculated using the formula developed by Russia's Federal Financial Markets Service (FFMS), has reached 85% (RUB 4.14 trillion). NDC’s market share based on the market value of equities on accounts increased from 32% to 51% (RUB 778 billion).
About Russia's Top 30 Depositories Ranking:
Russia's Top 30 Depositories Ranking (http://www.safedepo.ru/top30_dep.php) is issued by the Infrastructure Institute Foundation. It is prepared on the basis of data provided by the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) for 2008. This is a list of Russia's biggest depositories including settlement, custodial and specialized depositories ranked on the basis of market value of securities on deposit as of 31 December, 2008. The method of calculation of market value has been developed by Russia's Federal Financial Markets Service (FFMS) providing for all securities (shares, bonds and units of unit investment trusts) to be assessed on basis of their market value.
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,