MOSCOW - The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today that it has joined the National Securities Market Association (NSMA). The decision on its membership was made at a meeting of the National Securities Market Association Council earlier this month. A general meeting of NDC shareholders held 12 Dec. voted in favor of joining NSMA.
Membership in the Association follows longstanding cooperation between NSMA and NDC in the development of the Russian stock market. Among the projects jointly implemented by the organizations has been the successful development of the infrastructure for the market in state securities, REPO transactions and Russian depository receipts.
About NDC:
Not-for-Profit Partnership “The National Depository Center” (NDC) is a settlement depository of the MICEX Group, and is Russia’s largest settlement and safekeeping provider in terms of assets held, and the only national securities settlement system handling the full range of Russian issue-grade securities. NDC is an authorized depository for most issues of state, corporate, municipal and sub-federal bonds. It services 100% of deals conducted in the state bonds market and more than 95% of turnover in corporate shares and bonds, and sub-federal and municipal bonds.
Among NDC’s founders are Bank of Russia and MICEX CJSC. The members of Non-Commercial Partnership National Depository Center include Bank of Russia, MICEX CJSC, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, Vneshtorgbank OJSC, Bank Rossiysky Credit OJSC, Evrofinans Mosnarbank OJSC, Rosbank, Gazprombank CJSC, ING Bank Eurasia CJSC and Deutsche Bank LLC.Contacts: Press Service, + 7 495 232 0910, e-mail:
About NSMA:
The self-regulatory organization National Securities Market Association (NSMA) is the main professional association licensed by governmental authorites to act as a self-regulatory organization. To date NSMA includes approximately 240 members representing 25 Russian regions. NSMA members’ transactions in Russian securities market represent around 70% of all securities transactions in Russia.
NSMA is fully licensed to act as a self-regulatory organization. This gives NSMA the right to carry out supervisory functions over banks and investment companies in relationship to brokerage, dealing, depository and trust management activities and to perform all functions of self-regulatory professional organization including the issue of petitions for the licensing of Association members, accumulation and analysis of business reporting information, and implementation of control and inspection functions. NSMA functions in cooperation with various legislative and executive bodies, including the Ministry of Finance of the Russian Federation, Bank of Russia, Federal Agency for Financial Markets, Ministry of Economic Development and Trade, and other economic policy making agencies of the Russian Government.
You can receive the additional information in Press-service NDC by phone (495) 232-09-10 or e-mail: .