MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that Denis Soloviev, Deputy Director, NDC, has been elected to the Advisory Council of the Service Bureau of the Association of National Numbering Agencies (ANNA). The election took place at the bureau's meeting held in early June in Luxemburg.
The ANNA Service Bureau (ASB) is a center which receives and consolidates all information related to ISIN and CFI codes sent by ANNA members and partners, and then distributes this information through the ANNA international database. The Advisory Council is ANNA's managing body.
About ANNA:
Association of National Numbering Agencies (ANNA) was founded in 1992 for the purpose of implementation of unified principles of identification of financial instruments in international securities markets. ANNA contributes to the integration of national securities markets and formation of stock market infrastructure.
ANNA has rapidly grown to become a global association of 76 members represented by central depositories, stock exchanges and regulators, each acting as a national numbering agency responsible for assigning International Securities Identification Numbers (ISIN) to securities and other financial instruments. The Association also includes 15 agencies acting as ANNA partners.
The aim of ISIN allocation is the standardized identification of financial instruments within single system and dissemination of data between stock market participants. International Identification Codes and standardized securities descriptions can be used in all areas of the financial market and are necessary for the provision of efficient clearing and settlement.
Main obligations of ANNA Members include:
- Allocation of ISINs for all security types, listed and unlisted, in their area of responsibility according to ISO 6166 in conjunction with the latest version of ISIN guidelines;
- Promotion of ISO Standard 6166 (ISIN) in their area of responsibility;
- Dissemination of ISINs to the local and international securities industry as well as to other ANNA members;
- Participation in the development of an efficient international system of securities identification.
- Use of the Classification of Financial Instruments (CFI) with the purpose of development and support of ISO 10962.
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 95% of transactions conducted in the corporate and regional bond markets, and stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. For 1Q 2008 the value of assets in storage was more than RUR4.2 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numbering agency, the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan and the NDC of the Republic of Azerbaijan.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.7% and 39.3% respectively, and in the votes 50.2% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank. The Partnership also has a stake in Depository Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (28.54%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910, .