MOSCOW – The National Settlement Depository (NSD), Russia's only settlement depository servicing a full range of debt and equity securities of Russian issuers has signed a Memorandum of Intent, concerning the exchange and distribution of corporate action information, with SIX Financial Information, a leading global provider of first-rate data services and solutions.
The parties have agreed to cooperate and build upon their respective expertise. The result of which will be an expansion of the range of information services available to local and international sectors of the Russian stock market while simultaneously adding Russian corporate action information to the SIX Financial Information data offering.
Eddie Astanin, Chairman of the Executive Board, NSD, said: “Our cooperation in the sphere of information exchange with SIX Financial Information, one of the biggest suppliers of information of foreign issuers and their securities, will raise the level of Russian investors’ awareness. This is very important in respect of admitting foreign securities into circulation in the Russian market. At the same time, within the framework of the cooperation we plan to provide up-to-date information about Russian issuers to the foreign audience. This will help the Russian stock market to attract greater foreign investments.”
Fritz Hediger, Head of Global Sales, SIX Financial Information, pointed out that: “Russia is a large and growing market in need of financial information. Working closely with NSD in the exchange of financial information and services is a mutually beneficial and exceptional opportunity. Together we can expand the distribution of our key products and services throughout Russia while significantly enhancing our data offering through the inclusion of first-rate data sourced from the NSD into our already existing over 10 million instruments.”
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange 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: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,
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About SIX Financial Information
SIX Financial Information is a leading global provider of first-rate data services and solutions for financial and insurance firms, corporations and the media. SIX Financial Information aggregates data, directly and in real-time, from over 1,500 worldwide sources, covering all the major trading venues. Its financial information comprises reference data, corporate actions, pricing and market data for over 10 million instruments and is unique in terms of information depth, breadth and structure. Financial news and customized solutions complement the offering. With 24 international offices SIX Financial Information combines the advantages of local presence with global reach to offer a comprehensive data portfolio along with industry knowledge for professionals specialized in investment advisory, portfolio management, financial analysis and securities administration.
SIX Financial Information is part of SIX. On a global scale, SIX offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.
Further information is available at: www.six-financial-information.com