DCC Announces Procedure for Servicing of Sberbank RDRs
OREANDA-NEWS. December 29, 2010. Depository Clearing Company (DCC) herewith announces the procedure for servicing Russian Depository Receipts of Sberbank of Russia (hereinafter the ‘Issuer') representing registered ordinary shares of United Company RUSAL Plc (hereinafter ‘RDRs').
RDRs are recorded on DCC's account with the register of security holders. No. of account: 2.DCC Participants can have the securities accounted on all types of securities accounts opened with DCC.
Details of the drawing up of instructions in case of issuance and cancellation of RDRs
Please indicate the following counterparty in the instruction for deposition/withdrawal of RDRs during their issuance/redemption: Sberbank of Russia.
We would like to draw your attention to the 'Reason' field of the instruction:
In instructions for deposition, please indicate in this field the information contained in the Request for RDR Deposition – RDR Issuance, in particular, No. RDR REG and its date. This information is required for correct deposition of RDRs to Participants' securities accounts in case a few instructions for the same amount of securities are received simultaneously;
In instructions for withdrawal, please indicate in the ‘Reason' field the information contained in the Request for Deposition of Underlying Securities – RDR Cancellation, in particular, No. RDR REG and its date.
In case of RDR cancellation, please include a ‘Cancellation' mark in the instruction for securities withdrawal (in paper instructions (Form D15) this mark should be included in the ‘additional information' field; for instructions submitted via the Remote Access System of DCC (МТ522 format) – put the mark in |INFO| field; for instructions submitted via S.W.I.F.T.- the mark should be made in field :70E::SPRO of TRADDET block).
Please note that DCC Participants can transmit to the Issuer the following documents relating to RDR circulation:
Request for RDR Deposition – RDR Issuance;
Request for Deposition of Underlying Securities – RDR Cancellation;
Instructions related to participation in shareholder meetings (proxy services);
Other documents relating to RDR circulation.
DCC receives these documents in paper or via DCC Remote Access System with employment of the file transfer function. The Participant (nominee) which submits to DCC the Request of its client should authenticate (certify) the information included in the Request by its seal and the signature of its authorized officer and the following inscription: ‘Received from (indicate the name of the client of DCC Participant), client of (indicate the name of DCC Participant)'.
Participants' Expenses
DCC will charge the following fees in accordance with the following paragraphs of DCC Fee Schedule:
RDR safekeeping and accounting – RUB675 (Par. 1. 2. 2. of DCC Fee Schedule);
Execution of instructions – same as for transactions with shares;
Transmittance of documents to the Issuer – RUB270 (Par. 5. 1. of DCC Fee Schedule).
Please note that, according to the RDR Program, the Issuer charges an annual fee for the servicing of RDRs.
Complete information on RDR circulation and the procedure for the payment of the annual fee is available at the web-site of Sberbank of Russia at the following address: http://sberbank.ru/moscow/ru/investor_relations/rdr/rdr_rusal/.
For the details of RDR registration at DCC and settlement of transactions therewith please see the Specification (currently in Russian).
Should any questions relating to this message arise, feel free to contact your account manager at DCC.
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