MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Premex, Russian voice broker, have signed an agreement of intent focused on improvement of a system of settlements on Russian and foreign securities in OTC market. The cooperation provides conducting mutual counseling, joint events, and exchanging in experience in order to develop a system using NSD settlement technology based on DVP.
The companies plan to carry out joint projects focused on expanding DVP in rubles and foreign currency on NSD's accounts with Euroclear/Clearstream: information monitoring, conducting presentations with respect of DVP peculiarities and informing market participants.
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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Russian voice brokers Inform-Protect and PRBT working on the market since 1999 merged under a new brand PREMEX (“Premeks”). The merged company became a leading Russian voice broker providing information services to corporate clients for purchase/sale of financial instruments over-the-counter (OTC) market.