MOSCOW – "The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Board of Directors at the meeting held 24 June approved the following tariffs for speedy settlements (services based on Speedy Settlement Scheme, SSS) with ZAO Citibank:
- RUB1,900 per one operation of receipt of securities for safekeeping and/or deposit with NDC;
- RUB2,400 per one operation of withdrawal of securities from safekeeping and/or deposit with NDC.
It is worth reminding that on 18 June, 2010, NDC and ZAO Citibank concluded an inter-depository agreement providing implementation of SSS by the parties. NDC opened a depository account with ZAO Citibank; the number of the account is 702009. The parties plan to launch the speedy settlements on 5 July. The Speedy Settlement Scheme which is to be used by NDC and ZAO Citibank allows to reduce the time needed for the delivery of shares and to optimize settlements between NDC's and ZAO Citibank's clients.
About NDC
"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types 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, the majority of transactions with equities and also services UIT units and Eurobonds. 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 substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Among NDC’s shareholders are MICEX (50,39% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, “ROSBANK” (OJSC JSCB), JSC VTB Bank, Bank of Moscow, Vnesheconombank, “ING BANK (EURASIA) ZAO”, CB “J.P. Morgan Bank International” (LLC), ZAO UniCredit Bank, Deutsche Bank Ltd, and Sberbank.
Eddie Astanin is the company's Director General. Sergey Lykov heads NDC’s Board of Directors as a Chairman.
NDC has 28.54% stake in Settlement Depository Company CJSC.
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,