DCC and Siberian Registration Company Entered into Agreement
OREANDA-NEWS. April 25, 2011. Please be informed herewith that Depository Clearing Company and ZAO Siberian Registration Company (hereinafter the Registrar) have entered into an agreement on the use in electronic document interchange of transfer orders to withdraw securities from DCC's nominee account to personal accounts of the holders of record.
The aforementioned agreement enables DCC to substantially reduce operational time for withdrawals in the share register.
The agreement with the Registrar stipulates that no additional fee shall be charged for execution of operations in share registers within the terms indicated in the Rules of Share Register Maintenance.
The terms of the agreement stipulate the possibility for the Registrar to perform re-registrations in the shortest possible terms, in particular – on the day it receives from DCC the transfer order generated on the basis of a Participant's instruction to withdraw securities to the share register:
Deadline for submission of instructions to DCC for their execution in the share register on the same-day basis - 12:00 a.m. Moscow time (if the share register of the issuer indicated in the transfer order is not maintained by Yakutsk Branch of ZAO Siberian Registration Company);
Please indicate in the 'Additional Information' field of the instruction to withdraw the securities the ‘Т1' attribute (where "Т" is Latin);
The surcharge on the usual cost of the services of ZAO Siberian Registration Company (i.e. re-registration and provision of transaction confirmation) is 200%.
For more detailed information on terms and conditions of operations in share registers via electronic links with registrars please see the DCC-Registrar EDI section or address your manager at DCC.
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