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, has summed up its operating results for the first nine months of 2010. The company's securities turnover (the market value of securities transferred in inventory operations) reached RUB48.545 trillion for January-September 2010. This is 19.4% more than for the same period of 2009 (RUB40.671 trillion).
As of 30 September, 2010 the market value of securities on deposit with NDC increased by 17.4% amounting to RUB 7.145 trillion compared with the figure of RUB6.085 trillion (as of 31 December, 2009). As of 30 September, 2010 growth of market value of Russian issuers' shares on deposit with NDC for 2009 reached 6.91%. For 9 months 2010 an increase in aggregate nominal value of corporate and regional bonds on deposit with NDC was 7.86%; the nominal value of Eurobonds on deposit with NDC reduced by 33.1%; UIT units’ market value increased by 10.8%. The value of the Bank of Russia's bonds on deposit with NDC increased by over 150% reaching RUB822.014 billion as of 30 September, 2010.
Total number of securities on deposit with NDC reduced by 10.2% from 2.101 trillion as of 31 December, 2009 to 1.887 trillion as of 30 September, 2010.
The number of securities issues serviced by NDC 7.4% grew against the number of issues as of 31 December, 2009, reaching 3,111 issues. At the same time the number of foreign companies' Eurobond issues increased by 73.2% reaching 258 issues. The number of foreign companies' share issues serviced by NDC increased six fold amounting to 18 issues as of 30 September, 2010. The number of issuers of securities serviced by NDC increased by 6.3% and amounted to 1,516 companies.
Eddie Astanin, Director General, NDC, said: "As of 30 September, 2010 a share of foreign financial instruments serviced by NDC was 11.22% of all securities serviced by our company; 8.37% of all issuers of the securities were represented by the foreign companies. This is a stepping stone for the future in view of joint efforts to form an international financial center in Russia."
In September 2010 NDC accepted for servicing EBRD's series 06 and 07 bonds with centralized custody admitted to placement and circulation in the territory of the Russian Federation without state registration of the bond issue.
For the first nine months of 2010 the number of inventory operations raised by 10.1% against the comparable period of 2009 amounting to 1,969,720 operations; there was registered 10.4% growth of operations with shares (1,573,103) representing 79.9% of all inventory operations for 9 months 2010.
The number of depository accounts including non-residents' accounts increased by 3.1% since January 2010 reaching 1,962 accounts.
NDC retains its leading position as a paying agent on corporate and regional bonds. As of 1 October, 2010, its share as paying agent was as follows: 38.08% of all corporate and regional bond issues in circulation, and 40.38% of the number of issuers of the corporate and regional bonds in circulation. In January-September 2010 NDC as a paying agent accepted 75 securities issues by 58 issuers to servicing. The number of bond issues serviced by NDC as a paying agent was 289 issues by 170 issuers as of 30 September, 2010.
For the first nine months of 2010 NDC conducted 470 payments on corporate and regional bonds and on the Bank of Russia's bonds for the aggregate sum of RUB1.88 trillion (against 439 payments for RUB 92.249 billion for the same period of 2009) and for RUB11.073 billion of income for registered securities (dividends, UITs income, revenues from repurchase of shares) or 57% more than for 9M 2009 (RUB7.055 billion). The sum of Eurobonds' coupon and maturity payments for the first nine months of 2010 amounted to RUB23.533 billion.
Acting as Russia's national numbering agency NDC assigned international ISIN and CFI codes to 414 Russian securities for the first nine months of 2010. NDC withdrew ISIN codes from 211 Russian securities due to their redemption or cancellation or to conducting of other corporate actions by the issuers. Since October 2009 the company assigns ISIN codes to additional share issues; for 9 months 2010 NDC assigned the codes to 61 additional share issues and withdrew the codes from 44 additional share issues (in the course of cancellation of these share issues' individual codes when the additional share issues receive the same ISIN assigned to its primary share issues).
NDC, acting as a member of Association of National Numbering Agencies (ANNA), provides services related to qualification of foreign financial instruments as securities to stock market participants.
For January-September 2010 NDC received and processed 9,179 requests on financial instruments (including requests on the same instrument sent by different clients). In the course of processing, the company determined that for 9 months 2010 there were requests for information on 2,746 new instruments.
As of 30 September, 2010 (including data for the previous years), NDC received and processed 42,394 requests on financial instruments (including requests on the same instrument sent by different clients). In the course of processing, the company determined that there were requests for information on 13,513 instruments. It was determined that 1,222 instruments did not have CFI codes including 302 instruments which also did not have ISIN codes. 311 instruments had CFI codes which did not conform to ISO 10962 and the Federal Financial Markets Service’s qualification requirements. Another 11,980 instruments had CFI codes which conform to the FFMS qualification requirements for foreign financial instruments including 52 CFI codes assigned with NDC's assistance.
Value of securities held in NDC accounts is an operational indicator which does not include the market value of other assets held in issuers’ accounts. The value of shares and units of Unit Investment Trusts is based on market value, and the value of bonds is based on nominal value.
"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,