OREANDA-NEWS. October 28, 2009. “The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and the State enterprise "Central securities depository" of the Republic of Uzbekistan (UzCSD) have signed an agreement on information exchange necessary for execution by NDC of its functions as the Substitute Numbering Agency for the Republic of Uzbekistan, it was announced today.

The agreement was signed during the annual general meeting of the Association of Eurasian Central Securities Depositories (AECSD) held in Tashkent, Uzbekistan, on 16 October 2009. The signing became possible after the Center for Coordination and Control over Functioning of Securities Market of the Uzbekistan State Property Committee confirmed its approval of NDC’s right to operate as the Substitute Numbering Agency for the Republic of Uzbekistan and sent an appropriate official request to the Board of Directors of the Association of National Numbering Agencies (ANNA).

Major work on organizational and technological issues related to the transfer of the new functions to NDC and to organization of two depositories' interactions had been made by specialists of UzCSD and NDC prior to signing of the agreement.

NDC is to begin assigning ISIN codes to Uzbek securities and transferring the data to ANNA's international database after approval of the starting date by UzCSD, the board of directors of ANNA and the operator servicing ANNA's database.