OREANDA-NEWS. December 8, 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 ING Wholesale Banking (legal name “ING BANK (EURASIA) ZAO”) report that with effect from 7 December, 2009 Open Joint Stock Company “Magnitogorsk Iron & Steel Works” and Open Joint Stock Company “Territorial Generating Company №5” have been added to the list of issuers serviced through the jointly-developed Speedy Settlement Scheme (SSS).

Accordingly, 42 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 on the MICEX exchange the same day. Shares bought on MICEX can be transferred to ING Wholesale Banking the same day, after the clearing session is over.