MOSCOW (RNWire) - The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today that effective May 31 RAO “UES of Russia” OJSC (RAO UES) will no longer be listed among issuers whose securities are administered within the NDC-DCC Bridge, the link facilitating transfers between Russia's MICEX and RTS stock exchanges.
Exclusion of RAO UES’s securities from circulation through the NDC-DCC Bridge arises from the completion of RAO UES’s reorganization and is based on RAO UES’s notification to stock exchanges about the termination of stock trading of RAO UES’s securities with effect from June 6, 2008.
From May 31, 2008, RAO UES’s ordinary shares are also to be excluded from the list of securities approved for storage in NDC’s interdepository account opened at ING Wholesale Banking (Speedy Settlement Scheme).
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 95% of transactions conducted in the corporate and regional bond markets, and stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. For 1Q 2008 the value of assets in storage was more than RUR4.2 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numbering agency, the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan and the NDC of the Republic of Azerbaijan.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.7% and 39.3% respectively, and in the votes 50.2% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank. The Partnership also has a stake in Depository Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (28.54%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910, .