NSD Holds First Coupon Payment on Federal Bonds in Compliance with New Income Payment Procedure

12 January 2012
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MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 11 January, 2012, it effected a payment of income on current (twentieth) coupon of the federal bonds with fixed coupon income (state registration number 26199RMFS) in compliance with a new income payment procedure meeting international standards, in particular, the procedure accepted by Euroclear and Clearstream.

According to the new procedure of payment of the income and other payments on equity securities with mandatory centralized custody (including federal securities), the depositories certifying the rights for equity securities with mandatory centralized custody shall provide to its clients the services related to receipt of the income and other payments on these securities in compliance with amendments to the Law "On Securities Market" and Russian Tax Code which came into effect on 1 January, 2012.

A depository effects payment on securities to its clients in proportion to the number of securities kept on the clients' depository accounts as of the date established as a date of payment on securities by the issuer in compliance with the resolution on securities' issuance. At the same time the depositories providing payments to the holders of equity securities with mandatory centralized custody are recognized as fiscal agents.

The described amendments to the procedure of payments of income on securities are applicable to the federal state equity securities with mandatory centralized custody regardless of the date of the issue's registration, and to other equity securities with mandatory centralized custody which state registration or assignment of identification code was held after 1 January, 2012.

 About NSD

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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