NSD Reports Results of Its Supervisory Board Meeting

23 December 2011
Print version

MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board carried out a meeting on 23 December. The members of the Board considered preliminary results of NSD's operations for 2011, approved the company's Budget of revenues, expenditures and profit as well as the capital investments budget for 2012.

The Supervisory Board took into consideration a report on activities related to development of NSD's risk management system which includes an internal control system, a system of managing economic risks (risk of liquidity, market, currency and credit risks# and non-economic risks #operating and reputational risks#, a system of monitoring operations within the framework of anti-money laundering and counter financing of terrorism, and professional liability insurance. NSD's activities related to risk management are regulated by provisions and policies approved by the Supervisory Board, as well as by the company's internal documents, technological procedures of data collection, analysis and making managerial decisions.

NSD Supervisory Board members also approved a progress on NSD and Settlement Chamber RTS integration.

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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