NDC Confirmed as Russian Leading Depository
OREANDA-NEWS. August 12, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that Russia's Top 30 Depositories Ranking for 2008 has confirmed NDC’s position as the leading Russian depository. Also according to the mentioned above Ranking NDC is a leader among Russia's settlement depositories on the basis of equity securities, reported the press-centre of NDC.
NDC's share in aggregate value of securities on accounts among Russian settlement depositories by the end of 2008, where market value is calculated using the formula developed by Russia's Federal Financial Markets Service (FFMS), has reached 85% (RUB 4.14 trillion). NDC’s market share based on the market value of equities on accounts increased from 32% to 51% (RUB 778 billion).
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