MOSCOW –National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that Deutsche Bank LLC, CJS VTB Specialized Depository, Troika Dialog Investment Company CJSC, ING Commercial Banking (legal name "ING BANK (EURASIA) ZAO"), ALFA-BANK, MDM Bank and Sberbank Specialized Depository LLC have joined the Declaration on Use of Settlement Depositories' Notifications in the Course of Conducting Operations with Securities. The Declaration was initiated by NSD, DCC and ING Commercial Banking which had developed amendments to the documents and regulations in order to upgrade the service.
The signed Declaration is aimed at changing the current procedure of confirmation of securities transfer from the settlement depository's account (NSD or DCC) to the accounts of other entities registered in the registers of inscribed securities. NSD and DCC agreed on the unified procedure of formation of a standard notification about conducted transaction in a register which should replace a paper notification used currently. Cancellation of paper notification will contribute to accelerating depository operations and enhancing reliability.
A company may join the Declaration by means of submitting a letter to confirm the intention.
The Declaration's full text and a list of organizations signed the Declaration is available at NSD's web site (in Russian).
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS 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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