OREANDA-NEWS. January 29, 2009. NDC and DCC will not Zero out Balances of Mutual Interdepository Accounts.

With effect from February 2009 Not-for-Profit Partnership The National Depository Center (NDC) and Closed Joint-Stock Company Depository Clearing Company (DCC) cancel mandatory monthly zeroing-out of balances of mutual interdepository accounts used for interdepository transfer via DCC-NDC Bridge. Balances of correspondent accounts of NDC and DCC will be diminished only in case they exceed the limits, which constitute at present USD50 mln for each depository.

Cancellation of monthly zeroing-out will result in a decrease in the fees charged to Participants of DCC and NDC for operations via the DCC-NDC Bridge due to a fall in the number of transfers in share registers.

With effect from February 01, 2009 NDC amends the fees for services provided by NDC via the DCC-NDC Bridge:
deposit of securities during settlement via DCC-NDC Bridge – RUB250;
Withdrawal of securities during settlement via DCC-NDC Bridge – RUB400.

DCC Participants do not reimburse the costs actually incurred by NDC in connection with securities deposition/withdrawal via the DCC-NDC Bridge.

For presentation purposes all fees for NDC services are contained in the single document "NDC Fee Schedule".

DCC plans to switch to fixed fees for operations via DCC-NDC Bridge in Q1 2009.