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 25 May a meeting of its Supervisory Board was held. The Board has made the following decisions in respect to NSD's tariffs:
- To approve a new version of NSD's tariffs on issuers depository account agreements while providing services to bond issuers including foreign issuers, and to put it into effect starting 1 June, 2011 The detailed information is to be placed since this date at NSD's web site in the section "Tariffs for NSD's services on issuer's depository account agreements" (in Russian).
- To cancel since 1 July, 2011, NSD's tariff on settlement and cash services for execution of a customer's payment order for transfer of funds with control over cash settlements from bank accounts opened with NSD to bank accounts opened with NSD (in domestic market without use of foreign depository's services) in rubles and foreign currency. To approve and to put into effect starting 1 July, 2011, amended Tariffs for settlement and cash services. The detailed information is to be placed since this date at NSD's web site in the section "Tariffs for NSD's services" (in Russian).
- To approve and to put into effect starting 1 July, 2011, the following tariff of services providing EDI during EDI members' documents exchange with registrars through NSD as a transfer agent:
|Type of service||
Amount (RUB excluding VAT)
Transmission of transfer order via NSD's EDI system
200 per each transfer order
Transmission of other documents and requests via NSD's EDI system
|50 per each document|
A marketing period until 1 November, 2011, is applicable to this tariff for promotion of the new services.
The participants of the meeting elected the members of the Commission on Appointments and Remuneration. Now the Commission includes the following persons:
|1||Alexander Ikonnikov||Chairman of the Supervisory Board, Independent Directors Association|
Chairman of NSD's Commission on Appointments and Remuneration
|2||Ruben Aganbegyan||President, MICEX|
|3||Oleg Vyugin||Chairman of the Board of Directors, MDM Bank|
|4||Bella Zlatkis||Deputy Chairman of the Executive Board, Sberbank|
|5||Sergei Lykov||Member of the Management Board, Deputy Chairman, Vnesheconombank|
|6||Sergey Shvetsov||Deputy Chairman, Bank of Russia|
Alexei Distler, IT Director, NSD, has been elected a member of the Commission for Technological Policy and Development of the NSD Supervisory Board.
Now the Commission for Technological Policy and Development of the NSD Supervisory Board includes the following persons:
|1||Nikolai Degtyarev||Deputy Director, Head of Department for Provision of Operations and Technologies in the Directorate for Provision of Audit of Operations in Financial Markets, Bank of Russia|
Chairman of NSD Supervisory Board's Commission for Technological Policy and Development
|2||Ruben Vardanyan||Vice President, member of the Executive Board of MICEX|
|3||Alexei Gerasimov||Executive Director, Head of Operations Back Office, ZAO UniCredit Bank|
|4||Alexei Distler||IT Director, NSD|
|5||Oleg Doyenkin||Director of Depository Center Project, GPB (OJSC)|
|6||Igor Krasnopivtsev||Head of Frontal Systems Research Department in the Treasury's Research Directorate, Sberbank|
|7||Dmitry Medvedev||Senior Account Manager Product Development, ING BANK (EURASIA) ZAO|
NSD's Supervisory Board also approved the Disclosure Policy of NSD.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX 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,