MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and ING Commercial Banking (legal name «ING BANK (EURASIA) ZAO») announce that starting 28 March, 2011, shares of OJSC Sibirtelecom and O.J.S.C. «Uralsvyazinform» will be excluded from a list of issuers serviced through the jointly-developed Speedy Settlement Scheme (SSS).
The exclusion of these issuers from the list is connected with the forthcoming reorganization of OJSC «Rostelecom» and its merger with these companies.
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 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,
About ING Commercial Banking
ING Group’s Commercial Banking business unit is today one of the leading foreign financial institutions in Russia, providing services to over 1,200 foreign and local corporate clients.
ING Commercial Banking has been operating in Russia since 1993 (legal name - “ING BANK (EURASIA) ZAO”); it holds a General License №2495 issued by the Central Bank of the Russian Federation.
ING Commercial Banking is a top-tier player in the leading international and Russian rankings:
- one of the 10 top foreign banks in Russia,
- Top 5 market maker on the FX market, with a daily turnover of around 10% of the USD/RUB market,
- Top 3 in RUB deposit market, with daily trading volumes of over US$1 billion,
- Top 3 MLA of syndicated loans in Russia.
In addition, ING Bank is the largest custodian in Russia, with over US$140 billion of client assets under custody (as of February 28, 2011).
Since the late 1980s, ING Commercial Banking in Russia has been one of the leading lenders to major Russian companies and global corporations operating in the Russian Federation. ING has a virtually unlimited capacity to provide general and structured finance services via its network of high-caliber specialists in Russia, Europe, America and the Asia – Pacific countries.
For further information about ING services in Russia, please visit www.ing.ru