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 27 September made decision on formation of the Committee for Interactions with Registrars and Depositories.
Eddie Astanin, Director General, NDC, said: "NDC's Board of Directors decided to place the draft Regulations on the new Committee on the company's website. We also agreed that the materials of the user committees formed by NDC's Directorship should be placed on the corporate website in future (it is supposed that the committees continue functioning after reorganization in the newly formed National Settlement Depository). "
The Board of Directors of NDC took into consideration a report on NDC's financial and economic operations for the first half of 2010 and a report by NDC's Deputy Director General - Controller for the second quarter of 2010.
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.
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,