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THE NATIONAL DEPOSITORY CENTRE OVERVIEW WWW.NDC.RU Our objective is to provide a comprehensive service of a world-class quality to our domestic and international.

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Presentation on theme: "THE NATIONAL DEPOSITORY CENTRE OVERVIEW WWW.NDC.RU Our objective is to provide a comprehensive service of a world-class quality to our domestic and international."— Presentation transcript:

1 THE NATIONAL DEPOSITORY CENTRE OVERVIEW Our objective is to provide a comprehensive service of a world-class quality to our domestic and international clients

2  Founded as a non-profit partnership by the Bank of Russia and “Moscow Interbank Currency Exchange” (MICEX) on 21 January  In July 1998, NDC was joined by major commercial banks actively trading on the local securities market. LEGAL STATUS AND OWNERSHIP

3 Owners and their ownership interest percentages interest percentages * Chase Manhattan Bank International; Vneshtorgbank (Bank for Foreign Trade); Eurofinance Bank; The Bank of Moscow; International Moscow Bank; Sberbank; Rossiysky Kredit Bank; Russky Standart Bank.

4 Main units of NDC’s structure 135 employees Operational staff - 36 Client service - 14Soft & Hardware maintenance - 20

5 Full licensed professional securities market participant Federal Commission's for the Securities Market (FCSM) license for Depository activity No dd. 04 December 2000 Federal Commission's for the Securities Market (FCSM) license for Clearing activity No dd. 04 December 2000

6 Qualified as an “Eligible foreign custodian” by the US Securities and Exchange Commission under the Rule 17f-5 Full compliance with the Rule 17f-7 THE ASSOCIATION OF GLOBAL CUSTODIANS The Bank of New York - Bankers Trust Company/ Deutsche Bank A. G.- - Brown Brothers - The Chase Manhattan Bank - Citibank, N.A. - - Investors Bank & Trust Company - - Mellon Trust/ Boston Safe Deposit & Trust Company - - Northern Trust Company - State Street Bank and Trust Company

7 Government Securities Securities accepted to deposit in the NDC GKOs Subfederal and Municipal bonds OFZs Corporate bonds Equities

8  NDC provides the function of CSD (under current legislation) on the federal government securities market  NDC safekeeps global certificates of GKOs (state short-term non-coupon bonds), OFZs (federal loan bonds) issued in the form of registered securities required to be centrally immobilized at the depository  NDC is a CSD for majority of corporate and municipal bonds (safekeeps global certificates and maintain issuer accounts for corporate bearer bonds required to be lodged into the NDC’s system for their safekeeping on a centralized basis)  NDC acts as a nominee holder of the registered equities placed in safekeeping in NDC  Settlement depository for all securities traded through the MICEX  NDC handles the function of an authorized custodian on the Moscow loan bonds market

9 2001 Number of securities issues accepted for safekeeping accepted for safekeeping 2000

10  Approx. 21 bln. securities are held in the depository accounts in NDC Total assets under custody Bln. USD

11 Number of Accounts  approx of investor depository accounts are opened with the Subdepository Technical Support Center

12 NDC’s relations with the organizations operating on the government securities market The RF Ministry of Finance, the Issuer Central Bank of Russia, the Issuer’s general agent NDC Depositors The MICEX Settlement House The Trading System The Clearing Centre The Regulated Securities Market Clearing Centre

13 NDC’s RELATIONS WITH THE ORGANIZATIONS OPERATING ON THE CORPORATE BOND MARKET The Trading System The Clearing Centre The Technical Centre The MICEX Settlement House NDC The Depository Corporate bond issuers NDC Customers

14 NDC’s RELATIONS WITH THE EQUITIES, SUBFEDERAL AND MUNICIPAL BOND MARKET OPERATORS NDC The Depository and Clearing Company Registrars Subfederal and municipal bond issuers NDC Depositors The Trading System The Clearing Centre The Technical Centre The MICEX Settlement House

15 Comprehensive procedures and controls as well as reliable technological facilities are used to ensure the highest level of service and guarantee timely and efficient delivery of information Technological Facilities Federal Agency’s of Government Communication and Information license No. LF/ dd. 29 September 1998

16 THOROUGHLY TESTED DISASTER RECOVERY ENVIRONMENT  a ‘real time’ back-up data center is situated at a different location  computers at the back-up data center provide the same processing capacity as our main computers  to ensure that NDC contingency infrastructure will function in an emergency situation, comprehensive contingency tests are held on a regular basis  Duplicate disk drives continuously record copies of all data in order to process client instructions without interruption, should a disk failure occur  Battery and diesel powered units help encure that the NDC is able to provide its own power, should an external failure occur NDC is crucial to provide you with the most efficient, timely, and secure execution of your instructions Technological Facilities

17 Main system Main system  Hewlett-Packard HP T520; disk array ‘Nike 20’  Software - ‘CMA Small Systems AB’ (Sweden)  Communication equipment - ‘Cisco’, ‘Lightstream’, ‘HP’  Operational system - Hewlett-Packard HP-UX  Data base - ‘Informix’ Back-up data center Back-up data center  Hewlett-Packard HP V2200; disk array ‘Hewlett- Packard XP256’ Technological Facilities

18 Document interchange NDC NDC Open Mail S.W.I.F.T. Internet S.W.I.F.T. Internet Open Mail Open-mail – encrypted MICEX Global Net with Electronic Digital Signature (EDS) facility Internet – with cryptographic and EDS facilities

19 A LOOK INTO THE FUTURE  Conclusion of a full package insurance contract against the risks inherent in the NDC’s activities  Joining the S.W.I.F.T. system (standard ISO 15022)  Hard currency DVP  Correspondent relationships with Euroclear Bank and Clearstream Banking  Launching the activity as the national numbering agency

20 Client services mission statement We are committed to providing accurate, responsive and courteous services to our customers and each other in a community we serve We fully accept the commitment to improve the understanding of our customers’ needs, develop our skills and work together to meet our customers’ expectations on time, every time

21 Contact details Secretariat: Tel Fax: Information and PR Division: Tel: Fax: Mailing address: 1/13, Sredny Kislovsky Pereulok, Moscow, Russia


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