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 at the meeting held 22 December made a decision to approve new tariffs for bond issuers' depository account servicing. The approved tariffs shall be put into effect on 10 January.
Detailed information about the new tariffs is to be available at NSD's web site since this date in the Tariffs section (in Russian).
The Supervisory Board approved the amended Regulations on Quality Control and Risk Management Committee. The participants of the meeting also decided to increase a number of the members of the Quality Control and Risk Management Committee formed on 15 December upon the Supervisory Board's decision up to 22 people, including Olga Vorobyova, Chief of Depository of Open Joint Stock Company Investment Company "ZERICH Capital Management", and Galina Karyakina, Executive Director of NETTRADER LLC.
NSD Supervisory Board considered implementation of the Automated Electronic Settlement System (AESS), progress in development of NSD's IT Strategy, a report on activities of the Supervisory Board's Committees, and also approved NSD's Business Continuity Management Policy.
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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