Shares, units and bonds of American issuers subject to Chapters 3 and 4 of the US Tax Code, as well as bonds of foreign issuers that may be subject to Section 871(m) of the US Tax Code, are maintained through Euroclear Bank, except for the following issues that are accounted for on NSD's account at Clearstream Banking.
NSD provides tax rate reduction services during income payment within the Corporate Action "Confirmation of Tax Exemption" (WTRC) only for securities of US issuers subject to regulation under Chapters 3 and 4 of the US Tax Code that are accounted for on NSD's accounts at Euroclear Bank.
NSD does not provide tax rate reduction services for securities that, in accordance with Euroclear Bank's activity rules, cannot be accounted for at Euroclear Bank and are accounted for on NSD's accounts at Clearstream Banking.
The procedure for accounting for securities of US issuers subject to regulation under Chapters 3 and 4 of the US Tax Code and stored on NSD's accounts at Euroclear Bank, and providing disclosure of the income beneficiary list for the purposes of complying with the US Tax Code requirements is available on the official NSD website in the "Tax Administration" section.
Securities potentially subject to SRD II are maintained through Euroclear Bank, except for the following issues that are accounted for on NSD's account at Clearstream Banking.
For securities of UK issuers stored on NSD's account at Euroclear Bank, whose names contain the symbols "SDRT 0.5" indicating the need to pay stamp duty on transfers related to the transfer of ownership rights to securities, a prohibition on transfer of securities between depo accounts at NSD is established.
Depositary receipts for shares of Russian issuers, along with Clearstream Banking and Euroclear Bank, may also be stored at The Bank of New York Mellon.
In case of two different ISIN codes assigned to one issue of foreign securities in accordance with RegS and 144A rules, NSD maintains separate records of parts of such issues with different depository codes.
Due to restrictions on settlements through ICSD for foreign units (shares, interests) of investment funds that are not ETFs, such securities cannot be accepted for maintenance at NSD.
Units (shares, interests) of ETFs are accepted for maintenance on a general basis.
Upon receiving confirmed information from upstream foreign depositories (EUROCLEAR BANK SA/NV and Clearstream Banking S.A.) by NKO AO NSD about the occurrence of default on an issue of securities of a foreign issuer, the status "Default" is indicated in the questionnaire of such security posted on this website, in the "Maintained Securities" section in the line "Additional information on the issue status". Please note that establishing the "Default" status implies the possibility of introducing restrictions on depository operations with such securities. In this regard, we ask you to pre-coordinate with NKO AO NSD the possibility of carrying out depository operations with the specified securities. Also, NKO AO NSD may establish restrictions on conducting depository operations with foreign securities for other reasons.