NDC Announces Changes among Issuers Admitted to NDC-DCC Bridge
OREANDA-NEWS. May 4, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has announced that with effect from May 1, 2009, Joint-Stock Company “Chelyabinsk Zinc Plant” will be included among securities admitted to the NDC-DCC Bridge, and Joint Stock Company "South Generation Company — TGC-8" (JSC SGC TGC-8) is to be excluded. Exclusion of JSC SGC TGC-8 from the list is the result of the repurchase of shares in accordance with Clause 84.8 of the Federal Law “On Joint Stock Companies.”
Thus the NDC-DCC Bridge currently services the securities of 87 issuers and 119 securities issues.
Interaction between the two settlement depositories NDC and “DCC” began on May 26, 1999, when the first operations using the “bridge” were carried out. The NDC-DCC Bridge allows the execution of direct settlements without any re-registration with the registrars.
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