MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Depository Clearing Company (DCC) announce that starting 19 December, 2011, they cancel mutual limits of overall evaluation of securities in the inter-depository account of DCC opened with NSD. This step will allow to reduce expenses for NSD-DCC Bridge, the link facilitating transfers between Russia's MICEX and RTS stock exchanges, and to raise efficiency of the Bridge during NSD and DCC integration.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD 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 securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD 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 NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910,
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About DCC
Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.