MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) announce results of a meeting of the working group involving members of the Committee for Registration Institutions' Procedural and Institutional Issues of PARTAD and NSD's Committee for Interactions with Registrars and Depositories held 1 March. It is worth reminding that the working group's activities are focused on development of technology of interactions between the central depository and registrars.
Among participants of the meeting were representatives of other organizations including Russia's Federal Financial Markets Service, NSD, DCC, “ING BANK (EURASIA) ZAO”, SD-DRAGa CJSC, INFINITUM Special Depository OJSC, Irkol CJSC, Novy Registrator CJSC, PRC CJSC, Registrator R.O.S.T. OJSC and STATUS CJSC.
The working group has discussed issues related to a process of reconciliation in the central depository account in the register and a procedure of opening the central depository account in the register.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS 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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The Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) is one of the first self-regulatory organizations of the professional Russian securities market participants; for more than 17 years, PARTAD has been working in the industry. Today, among the Association's members are over 90 major registrars, depositories and specialized depositories.
PARTAD has developed an EDI system allowing the financial market participants to exchange documents with electronic digital signatures through telecommunications channels. To date the PARTAD EDI system includes 19 EDI sub-systems of the Association's members.
The PARTAD Certificate Attestation Centre (CAC) has been selected by FFMS as one of Russia's certifying centers issuing the electronic digital signatures for submission of electronic financial documents to FFMS.
To date over 650 Russia's financial market participants use the electronic-digital signature keys issued by PARTAD. PARATD's professional standards including technical standards of interchange of electronic documents with electronic digital signatures are approved by FFMS.
For further information about PARTAD: http://www.partad.ru/