OREANDA-NEWS. August 28, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that Russia's Top 30 Depositories Ranking for 2007, published by the Infrastructure Institute Foundation, has confirmed NDC’s position as the largest Russian settlement depository.

Based on market value of securities on deposit, NDC serviced 60% of all securities on deposit among settlement depositories in Russia or RUR5.33 trillion as of Dec. 31, 2007, where market value is calculated using the formula developed by Russia's Federal Financial Markets Service (FFMS).This is twice the share of the next largest depository. NDC’s market share based on the market value of joint stock company shares on deposit for 2007 increased to 32% or RUR1.6 trillion (compared with 29% or RUR1.14 trillion for 2006).

Nikolay Egorov, Director, NDC, said: “NDC’s maintenance of the leading position as Russia’s biggest settlement depository based on market value of securities on deposit and on securities transferred in the course of inventory operations is attributable to NDC’s consistent policies of service expansion, implementation of new technologies, optimization of the company’s tariff policy, reduction of risks, increase of financial stability and improvement of NDC’s corporate governance system.”