NSD Launches New Service Allowing Securities Lending
OREANDA-NEWS. October 26, 2011.National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces that on 20 October, 2011, the company's Supervisory Board approved a tariff for information services provided by NSD to its clients in order to conduct securities lending transactions collateralized by other securities on basis of a bilateral agreement. NSD is to announce a date of the new service's launch in November 2011.
To advertise the new service the company has set a promotional period until 1 March, 2012. The approved tariff amounts to 0.00025% of a sum of a transaction in the information report (the amount of the tariff is exclusive of VAT and cannot be less than RUB0.05).
NSD's Supervisory Board took into consideration the company's Controller's report for 3Q 2011, and also reviewed other issues.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
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