NDC Retains Its Leading Position among Russia’s Depositories
OREANDA-NEWS. August 31, 2010. "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, announced today that Russia's Top 30 Depositories Ranking for 2009 has confirmed NDC’s position as the leading Russian depository.
NDC's share in aggregate value of securities on deposit among Russian settlement depositories as of 31 December, 2009, where market value is calculated using the formula developed by Russia's Federal Financial Markets Service (FFMS), was 72.81% (RUB5.88 trillion).
About Russia's Top 30 Depositories Ranking
Russia's Top 30 Depositories Ranking (http://www.safedepo.ru/top30_dep.php) is issued by the Infrastructure Institute Foundation. It is prepared on the basis of data provided by the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) for 2009. This is a list of Russia's biggest depositories including settlement, custodial and specialized depositories ranked on the basis of market value of securities on deposit as of 31 December, 2009. The method of calculation of market value has been developed by Russia's Federal Financial Markets Service (FFMS) providing for all securities (shares, bonds and units of unit investment trusts) to be assessed on basis of their market value.
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