OREANDA-NEWS. National Settlement Depository (NSD), Russia's central securities depository acting as a Pre-Local Operating Unit (pre-LOU), has been included by the TABB Group and Alacra in the international rating of 14 leading organizations that are entitled to assign pre-Legal Entity Identifiers (pre-LEIs).

NSD was ranked eleventh in the 2014 rating. Among other organizations included in the rating were major financial institutions and infrastructures of other countries: DTCC, London Stock Exchange, WM Datenservices (Germany), Dutch Chamber of Commerce (Netherlands), Institut National de la Statistique et des Etudes Economiques (France).

The rating was made on the basis of the assessment of quality of data provided by pre-LOUs by nine criteria that in total determine the integrity, relevance and consistency of information that goes with assigned pre-LEIs as well as an integrity of the provided data format. The full version of the report is available at the TABB Group's official website.

About Pre-LOU and pre-LEI

On 1 March 2013, NSD received an official status of a Pre-Local Operating Unit (pre-LOU) assigning international Legal Entity Identifiers (LEIs) to market participants and updating their data in the Global Legal Entity Identifier System (GLEIS).

On 27 December 2013, NSD was endorsed as a globally accepted pre-LOU by the Regulatory Oversight Committee (ROC). Since that time, all pre-LEIs assigned by NSD by that moment and after ROC's endorsement of NSD should be globally accepted by regulators, market participants and pre-LOUs of other countries on equal terms with the codes assigned by other pre-LOUs endorsed by ROC.