On insurance of risks inherent in NDC's operations

14 September 2005

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NDC, as a major securities market infrastructure organization, places a great deal of emphasis on managing risks inherent in its operations.

Over the years NDC insures risks arising from all of its operations, including depository, clearing, custody, and other accompanying activities.

At the beginning of September, NDC and Ingosstrakh signed a new policy for the depository's crime and liability insurance on a comprehensive basis. The liability limit under that insurance policy was set at USD 10 million per single occurrence as well as for all claims made within the police period. This is one of the largest insured liability limits among the participants of the Russian securities accounting system.

NDC clients have a full guarantee that all risks are covered by the liability limit and comply with NDC's risk reduction system.

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On insurance of risks inherent in NDC's operations

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