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 3 December, 2011, it held a training session/test check aimed at NSD staff's ability to function in emergency situation leading to evacuation from the headquarter and at check of the operating capability of the company's backup office.
A program of the training session/test check included testing of a contingency plan focused on uninterrupted operations and/or recovery of functioning of the credit organization in unforeseen circumstances by means of modeling of an emergency situation leading to mandatory evacuation of NSD personnel from the head office and switching to a backup office. The developed scenario provided involvement of the employees of NSD's twelve divisions (including the core ones).
Among the participants of the training session/test check were few depositors of NSD as well as a group of observers including independent specialists of the organization specialized in consulting on uninterrupted operations and information security for credit organizations, as well as a specialist of NSD's Internal Control Service.
After completion of the training session/test check the company has issued a report based on the observers' statement and a protocol signed by the secretary of the Emergency Situation Management Committee. The report's conclusions confirm successful results of the training session/test check and the operating capability of the company's backup office.
The backup facilities are designed to implement a full complex of operations efficiently with minimal down time.
The results of the training session/test check confirmed the reliability of NSD as a settlement depository.
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: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910,
Follow us in Twitter: http://twitter.com/#!/NSD_News