MOSCOW – The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, has announced that for the first half of 2007 its turnover (the market value of securities transferred in inventory operations) rose by 228% in comparison with the same period for 2006, reaching RUR23.255 trillion.
The contribution of share activities to turnover reached 48.7%. The contribution of bond activities to turnover was 16.3%, a decrease of 2.2%.
The total value of securities held at NDC was RUR4.221 trillion (US$163.6 billion) as of 30 June, 2007, up 28.4% compared with the Dec. 31, 2006 figure of RUR3.29 trillion (US$129.4 billion). The value of securities on deposit in January-June 2007 was up 29.1%, and it rose 30.5% during 1-30 June 2007 in comparison with the same period of 2006.
The number of share issues serviced by NDC during January-June 2007 reached 2,062, an increase of 36.3% in comparison with the same period for 2006. The number of issuers serviced by NDC for the first half 2007 increased 38% to 1,019 companies.
The number of share issuers rose by 13 companies to 492. The number of Unit Investment Trust (UIT) managing companies rose to 62, an increase of 13, and the number of UITs on deposit was 166, an increase of 39.
The total number of NDC inventory operations rose by 53% for the first half of 2007 in comparison with the same period of 2006 and exceeded 1.18 million operations.
The value of securities held in NDC accounts is an operational indicator which does not include the market value of other assets held in issuers’ accounts. The value of shares and units of Unit Investment Trusts is based on market value, and the value of bonds is based on nominal value.
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 market of the Bank of Russia, 95% conducted in the corporate and regional bond markets, and 90% of stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, authorized to assign the international ISIN and CFI indexes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using a direct account at Clearstream Banking S.A. Among NDC’s founders are Bank of Russia and MICEX CJSC. Members include Bank of Russia, MICEX CJSC, OJSC Bank of Moscow, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, Vneshtorgbank OJSC, Bank Rossiysky Credit OJSC, Evrofinans Mosnarbank OJSC, Rosbank, Gazprombank CJSC, ING Bank Eurasia CJSC and Deutsche Bank LLC. Recently Vneshekonombank was approved as a new member. The Partnership also has a stake in CJSC Depositary Clearing Company (36.96 %) and in CJSC Settlement Depository Company (29%).
Further information about NDC: www.ndc.ru, or NDC press service: +7 495 232 0910,