NDC Develops Remote Access System for Customer Accounts

29 December 2008
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 it has completed its next scheduled stage of modernization of its technological platform. The company has begun offering on a trial basis remote access to customer accounts. The remote access system is being developed with the support of Tata Consultancy Services, India, on basis of software from Oracle, leading international software developer, and equipment supplied by Hewlett-Packard.

The system gives customers fast access to information about securities held on depository accounts, and also allows a number of inventory operations in trial version. In this way, the company is implementing a recommendation by the international rating agency Thomas Murray to promote decreased operating risk, a factor which is taken into account in the assignment of a general public rating for a central depository.

The remote access system is scheduled for commercial operation in the third quarter of 2009.

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), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vnesheconombank, 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, .

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