NSD Reports on Beginning of Promotional Period for SSS Operations

28 February 2013
Print version

MOSCOW – National Settlement Depository (NSD), Russia’s central securities depository, announces the beginning of a promotional period for operations conducted using Speedy Settlement Scheme (SSS) via existing “bridges” between NSD and custodians (ING BANK (EURASIA) ZAO, ZAO Citibank, JSC VTB Bank, Sberbank of Russian and JP Morgan Bank International). From 1 March to 1 April 2013, the tariff for each operation will be RUB480 (the standard rate was RUB1,900). The decision on the promotional period has been made due to beginning of the mass transfer of assets to the central securities depository for safekeeping.

To provide comfortable regime and to minimize operating risks during the period of mass transfers of assets from custodians’ accounts to NSD, the company made decision to allow using “bridges” in the weekends (on 2, 10 and 16 March). The clients will be able to use SSS up to 18 March; after this date SSS will be canceled in compliance with the law.  

About NSD

National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.

NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.

Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.

Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia

For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mail  

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