NSD Supervisory Board Makes Decision on Tariffs and Elects Members of User Committees

MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 15 December, 2011, its Supervisory Board made the following decisions with regard to NSD tariffs:

·   To reduce tariff for NSD services related to formation and sending of a report on the operation (a report on non-fulfillment of a depository order) to a participant of NSD's EDI system through S.W.I.F.T. from RUB100 to RUB35.

The tariff and appropriate changes in NSD's List of Procedures for Participant's Access to EDI System, provision of EDI and EDI Tariffs will be put into effect starting 1 January, 2012.

• To approve tariffs for servicing of accounts using by NSD clients to conduct settlements on transactions concluded in RTS Money System:

-  monthly payment for formation of reports on foreign currency operations amounts to RUB500 plus VAT 18%;

-  monthly payment for servicing of accounts used by a client for settlements on transactions concluded in RTS Money System (in case of conducting minimum one operation in the account) on basis of documents submitted by the organization conducting clearing operations in RTS Money System, amounts to RUB1,000;

          These tariffs and appropriate amendments to NSD's Tariffs for settlement and cash services are to be put into effect starting 3 January, 2012.

• To apply existing regressive monthly rates for securities custody and/or recordkeeping of rights for securities to the inter-depository accounts of a participant acting as a settlement depository.

Eddie Astanin, Chairman of the Executive Board, NSD, said commenting on the Supervisory Board's decisions: “New tariffs are a result of a joint work of representatives and clients of two settlement depositories, NSD and DCC, conducted within the framework of integration processes. Introduction of these tariffs will help to reduce the users' expenses for conducting operations through NSD. DCC's clients using DCC holder accounts with NSD will be the first customers seeing the positive effect of the decision.”

The appropriate amendments to NSD's Tariffs for depository services are to be put into effect starting 1 January, 2012.

More information about NSD's tariffs will be available at NSD's web site since the corresponding dates.

NSD Supervisory Board has also elected the members of user committees.

The Committee of Settlement and Depository Operations and Tariffs now includes the following members:

The Quality Control and Risk Management Committee now includes the following members:

The Committee for Interactions with Registrars and Depositories now includes the following members:

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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