MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces results of the meeting of members of the National Settlement Depository Customer Committee (Central Securities Depository Customer Committee) which took place on 12 October. The Committee’s members approved draft Regulations on Conducting Transactions and Document Interchange in the Process of Depository Operations and draft Rules of Managing Risks Associated with Central Depository’s Operations.
These documents were recommended for approval by NSD’s Supervisory Board and subsequent inclusion in the set of documents confirming NSD's compliance with the requirements to an applicant for the central depository status. The set of documents is to be submitted by NSD to Russia’s Federal Financial Markets Service.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange 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: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,
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