NSD to Pass Its Branches' Functions to MICEX Representative Offices and Branches

08 August 2011
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MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that in compliance with the decision on close of NSD branches made by company's Supervisory Board on 23 December, 2010, the following branches of the company have stopped operations and are considered closed:

  • Urals branch (closed on 15 July)
  • Rostov, Primorsky, Nizhny Novgorod, Siberian and Samara branches (closed on 22 July)

Information about close of NSD branches is included into a State Register of Credit Organizations.

Interactions with customers in Rostov-on-Don, Vladivostok, Nizhny Novgorod, Yekaterinburg, Novosibirsk, Samara, Krasnodar and Krasnoyarsk are held by branches and representative offices of MICEX. Interactions with clients in St. Petersburg are carried out by MICEX-Northwest. All these interactions are being held on basis of agreements for representative functions concluded by the MICEX divisions with NSD. The contact information is available at NSD's web site.

NSD's head office located in Moscow provides depository and settlements for the company's customers.

About 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,

About MICEX regional branches and representative offices

Regional branches of MICEX are represented by the following independent divisions of MICEX:

  • Far East branch located in Vladivostok
  • Siberian branch located in Novosibirsk
  • Urals branch located in Yekaterinburg
  • Volga branch located in Nizhny Novgorod
  • Southern branch located in Rostov-on-Don

“Regional Exchange Center “MICEX-Northwest” (MICEX-Northwest) is MICEX's subsidiary.

Regional representative offices of MICEX are represented by the following independent divisions of MICEX:

  • Representative office in Krasnodar
  • Representative office in Krasnoyarsk
  • Representative office in Samara

All MICEX's regional divisions have powers to act as regional representative of other MICEX Group's head companies. Thus, MICEX regional divisions in fact represent all interested head companies of MICEX Group, including MICEX Stock Exchange, National Clearing Centre, National Mercantile Exchange, and National Settlement Depository. Meanwhile the regional divisions' activities are based on MICEX Group's unified standards.

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