MOSCOW - The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today the publication of a new history of the Russian securities market, the launch title for a publishing series entitled “Russia’s Economic Chronicle.”
The book, “History of Russian Stock Market: Depositories and Registrars” by journalists Nikolai Krotov and Oleg Nikulshin, is being released to coincide with NDC’s tenth anniversary, and is dedicated to the late Andrei Kozlov, former NDC Chairman who played one of the most important roles in development of Russian stock market.
Copies of the book, now available in a limited edition through selected Russian book stores, were given to guests attending NDC anniversary celebrations last week (26 Jan.) at the Ekaterininsky Palace, Moscow. Among the key speakers were Konstantin Korischenko, Deputy Chairman, Russia’s Central Bank, and Chairman of the Board, NDC; Oleg Vyugin, Head of the Russian Federal Financial Markets Service (FFMS); Alexander Potemkin, President, MICEX; Nikolai Egorov, Director, NDC; Jeffrey Tessler, CEO, Clearstream International; Bakhtiyar Azizov, President, Azerbaijan’s National Depository Center, and Sankari Durg Rajagopal Venkata Satya Nagendra Kumar, Project Manager, Tata Consultancy Services. Speakers highlighted the growing role of Russia’s stock market in the world and fast development of NDC as a part of the market’s infrastructure.
The “Russia’s Economic Chronicle” publishing series will include memoirs, chronicles and historical documents. The series was initiated by Andrei Kozlov with a view to compiling the memoirs of leading contributors to the formation and development of Russian stock market. Mr. Kozlov passed away in September 2006.
The first title in the series, which includes full-text interviews with a number of stock market players, was prepared rapidly, and covers the formative stages of the market’s development, from the early 1990s to the year 2000. Some of the materials compiled have been set aside for the next title, which will cover more recent developments.
About NDC:
Not-for-Profit Partnership “The National Depository Center” (NDC) is a settlement depository of 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, during the most recent three months, 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 Not-for-Profit 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.
You can receive the additional information in Press-service NDC by phone (495) 232-09-10 or e-mail: .