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 won a prize “For Development of EDI in 2008” in the Professional Competition “Infrastructural Institute – 2008” held by the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) jointly with Securities Market (Rynok Tsennykh Bumag) Magazine. NDC was also awarded honorary diplomas “For High Quality Services in 2008” and “For Contributing to the Improvement of PARTAD’s Norms and Standards in 2008.” An awards ceremony was held in Moscow on 22 May.
Among the organizations nominated “For Development of EDI in 2008” were settlement institutions which achieved important success in the sphere of EDI technologies development and implementation.
NDC is a leading depository with regard to EDI organization between depositories, registrars and other stock market participants. The number of NDC contractors using EDI with NDC in their interactions rose for 2008 from 725 to 819 companies. Some 82.4% of NDC operations with the registers of joint stock companies are now conducted using EDI.
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» (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 Department: +7 495 232 0910, .