MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and ZAO Citibank announce that starting 6 July, 2001 they expand a list of issuers which shares are circulated using Speedy Settlement Scheme (SSS).
A number of the issuers with shares that may be transferred between NSD and ZAO Citibank using Speedy Settlement Scheme (SSS) is to grow from 15 to 100.
The list of shares which may be transferred using SSS between NSD and ZAO Citibank is available at NSD's web site.
It is worth adding that the Speedy Settlement Scheme is used by NSD and ZAO Citibank since July 2010.
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.
ZAO Citibank, a full subsidiary of Citi, has been operating in Russia since 1993. At present ZAO Citibank is among the country’s largest banks offering a full range of products and services to corporate and consumer customers. Citibank has over 3,000 employees; its distribution network includes retail branches, 400 ATMs and representative offices in largest cities in Russia, Citi also operates in Ukraine and Kazakhstan. www.citibank.ru
Citi, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.
For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,