OREANDA-NEWS. June 08, 2009. It's been ten years since the establishment of the DCC-NDC Bridge. The first operations were conducted via the Bridge between the two major Russian settlement depositories on June 08, 1999. At that time securities of only five Russian issuers were admitted to settlement via the Bridge.

At present 115 securities issues of 87 issuers are accepted for settlement via the DCC-NDC Bridge. The value of bridge operations has made up USD 7.5 bn. since the beginning of the current year and USD 83.5 bn. since the establishment of the Bridge. Over 97.6 thousand operations were conducted via the Bridge in its ten years of operation.

In connection with the anniversary DCC President Mikhail Laufer noted that DCC finds it necessary to develop interdepository cooperation via the DCC-NDC Bridge. “We are technologically and organizationally ready to broaden the list of securities eligible for settlement via the DCC-NDC Bridge, to extend its time of operation and to perform operations on a real-time basis,” stated Mr. Laufer. DCC President also believes that development of the Bridge will help optimize business processes of professional market participants who face certain difficulties due to existing limitations of securities transfers between the settlement depositories of the major stock exchanges. “Development of the Bridge is another step to technological integration and quality improvement of the accounting system of the Russian securities market,” DCC President said. He thinks that the efficient bridge between DCC and NDC speaks for existence of a system for the central handling of securities in Russia.