MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has launched an online resource "Integration of NSD, DCC and RTS Settlement Chamber. Creation of CSD in Russia" (http://www.nsd.ru/en/nsd_dcc/), focused on the process of integration of the three organizations and further accreditation of NSD as Russia's Central Securities Depository (CSD). The new resource represents a section of NSD's web site. It was developed for helping the stakeholders to understand the integration processes and to make necessary decisions in due time.
The new resource includes six sections:
- General Information
- Product Line and Tariff Model of Future CSD
- Event Calendar
- Road to CSD Status
- Frequently Asked Questions
The General Information section includes a description of principles, stages, objectives and advantages of the integration, as well as of a process of NSD's obtaining the CSD's status.
The news is available in the Event Calendar section. The legal aspects of formation of the CSD are presented in the Road to CSD Status section.
The section "Product Line and Tariff Model of Future CSD" comprises information about products to be launched in the course of integration, product range development prospects and principles of the CSD's tariff model.
The Frequently Asked Questions section and the Feedback section allow users to see answers to the questions sent to NSD, DCC and RTS Settlement Chamber, to ask more questions regarding the companies' integration and creation of the CSD or to submit suggestions on improving the communication process.
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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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.