MOSCOW – The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, has announced that for the first quarter of 2007 the value of securities transferred in inventory operations rose by 96% in comparison with the same period for 2006, reaching RUR10.8 trillion.
The largest component, 46%, of NDC turnover is represented by share operations, up five percentage points compared with the first quarter of 2006. The contribution of corporate bond activities to turnover decreased from 19% in 1Q 2006 to 16% in 1Q 2007. The number of issuers of shares serviced by NDC reached 437, an increase of 85.
The turnover arising from Unit Investment Trusts (UITs) on deposit with NDC grew considerably year-on-year. This growth became possible because of fast development of UITs in Russia. Revenues from UITs rose by 460% and reached RUR6.9 billion. The value of Unit Investment Trusts on deposit with NDC rose by 680% and reached RUR5.9 billion.
As of 31 March, 2007, the total value of securities held in NDC stood at RUR3.72 trillion (US$143.1 billion), up 13% from the Dec. 31, 2006 figure of RUR3.29 trillion (US$129.4 billion). The value of securities on deposit in March 2007 was up 9% during the month.
The number of depository accounts opened in NDC rose by 3% for the first quarter 2007 and reached 1,598 accounts. This is 9% more in comparison with the same period of 2006.
The total number of NDC’s inventory operations grew by 600% for the first quarter 2007 in comparison with the same period of 2006 and reached 599,000 operations.
Value of the 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 nominal value.
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 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.
You can receive the additional information in Press-service NDC by phone (495) 232-09-10 or e-mail: .