OREANDA-NEWS. July 24, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and ING Wholesale Banking (legal name “ING BANK (EURASIA) ZAO”) announced today that with effect from 22 July, 2009 Public Joint-Stock Company "AVTOVAZ" and JSC "Interregional distribution grid companies Holding" has been added to those serviced through the jointly-developed Speedy Settlement Scheme (SSS).

Accordingly, 39 issuers are now serviced through SSS.

The Speedy Settlement Scheme (SSS) was designed jointly by NDC and ING Wholesale Banking to reduce the time needed for the delivery of shares and to optimize settlements between NDC and ING Wholesale Banking clients. The Scheme has functioned successfully since November 2007. Shares transferred using SSS from ING Wholesale Banking to NDC can begin trading.