NSD User Committee Consider Integrated Depository's Draft Product Range and Tariff Model

09 December 2011
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MOSCOW – On 21 November, 2011, National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and DCC held a joint meeting of their user committees.

The participants of the meeting considered information about an approach to formation of the product range and tariff model of the integrated depository. After the meeting NSD's and DCC's user committees issued a number of recommendations to NSD and DCC, including the following:

  • To determine a range, priorities and terms of implementation of the integrated depository's products and to submit the prepared information to the committees for consideration;
  • To select approaches to formation of regimes of use of Long Term Safekeeping (LTS) and to suggest a final version of LTS tariff model developed on basis of the approaches.

In the course of the discussion the meeting participants mentioned DCC's most popular services such as DVP operations denominated in foreign currencies, and services rendered to close joint stock companies and issuers who maintain their registers independently.

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: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910,

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About DCC

Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.

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