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.
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
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
In accordance with agreements concluded between NSD and the Bank of
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
Depository Clearing Company (DCC) is