NDC - A SETTLEMENT INFRASTRUCTURE LEADER

• NDC is the only settlement depository servicing all types of domestic securities including government debt obligations, eurobonds, subfederal and municipal bonds, corporate bonds, equities, and units issued by investment funds and trusts
• NDC is authorised to handle the majority of MinFin- and Central Bank-issued bonds, as well as subfederal and municipal bonds and equities of Russian lending institutions and companies
• In terms of service costs and interaction arrangements, our services are available to all professional securities market participants and investors across Russia
• The ownership and management structure of the National Depository Center is transparent, and is built so as to take into account the interests of both market participants and the government
• NDC’s noncompetitive marketing policy with respect to professional securities market participants enables us to build up an efficient settlement system in cooperation with infrastructure institutes, issuers and customers
• Information transparency of NDC is ensured by:
  • Regular disclosure of information on its performance and audits of its financial statements
  • Submission of statutory accounting reports to the Federal Commission for the Securities Market (FCSM)
  • Active interaction with Thomas Murray, the Association of Global Custodians, and other custodial institutions
• In its customer relations,NDC applies internationally accepted standards, using advanced easy-to-upgrade software for handling all securities held with the depository and a flexible, full-function e-document interchange
• What makes us Russia’s safest settlement depository:
  • Our close interaction with MICEX and the Bank of Russia
  • The use of effective back-up and data storage facilities
  • The capability of supporting both stock exchange and OTC securities settlements on a delivery-versus-payment basis
  • Daily reconciliation of data on the assets held
  • Custody and clearing risk insurance
  • The capital considerably exceeding the adequacy ratio under the FCSM’s requirements, thus minimising risks associated with securities transactions