NSD Signs Transfer Agent Agreements With Five Registrars and Four Letters of IntentBy Nsd Public Affairs Division, PRNE
Wednesday, May 11, 2011
MOSCOW, May 12, 2011 - National Settlement Depository (NSD), Russia's only settlement depository
servicing the full range of debt and equity securities of Russian issuers,
reports that on 11 May it signed agreements for provision of transfer agent
services with the following registers: VTB Registrar CJSC, PRC CJSC, REESTR
OJSC, Reyestr-RN LLC, STATUS CJSC. The company also signed letters of intent
with the following registrars: Irkol CJSC, CJSC <<Computershare Registrar>>,
<<Noviy Registrator>> JSC and Registrar NIKoil Company (JSC).
The signing ceremony has been held in NSD's office. Among NSD's
representatives attending the ceremony were Eddie Astanin, Chairman of the
Executive Board, Boris Cherkassky, Director for Strategy, and Alexei Zhinkin,
Director for External Operations. The registrars were represented by
Konstantin Petrov, Director General, VTB Registrar CJSC, Vladislav
Moskalchuk, Director General, Irkol CJSC, Vadim Protasenko, Director General,
CJSC <<Computershare Registrar>>, Rushaniya Barkhatova, Director General,
<<Noviy Registrator>> JSC, Oleg Savitsky, Director General, PRC CJSC, Mikhail
Lomakin, Director General, Registrar NIKoil Company (JSC), Yuri Taranovsly,
Director General, REESTR OJSC, Vladimir Shakotko, Director General,
Reyestr-RN LLC, and Mikhail Nedelsky, Director General, STATUS CJSC.
Eddie Astanin, Chairman of the Executive Board, NSD, said:
"A signing of the agreements is aimed at improvement of efficiency and
reduction of expenses related to the market's record keeping system using NSD
as a "one stop shop" for interactions between professional market
participants and registrars."
Mikhail Nedelsky, Director General, STATUS CJSC, added:
"That is a great project, both custodians and registrars need it. We
would like to thank NSD acting as the project's coordinator and initiator.
Certainly this is one of the first steps towards enhancement of interactions
among record keeping institutions. I hope that we will make the next steps
with NSD's support. "
Dmitry Ludvik, Junior Vice President, Deutsche Bank Ltd., and Dmitry
Medvedev, Senior Account Manager Product Development, ING Commercial Banking,
have also attended the ceremony.
Natalya Sidorova, Head Securities Services, ING Commercial Banking,
"We are happy to see a successful implementation of the first stage of
our joint project with NSD, which relates to establishment of a single
entrance point for interactions with registrars using EDI. Such interactions
represent a primary need; they will allow to reduce the operating risks and
the market participants' expenses. We are also happy that ING Bank is the
first depository signed a framework EDI agreement with the registrars that
had joined the project."
Now NSD's clients may use a service related to transmission of electronic
documents to the registrars for conducting of operations in registers and for
receipt of the appropriate reports from the registrars. NSD's EDI Rules
establish a procedure of formation, receipt/transmission and processing of
electronic documents, as well as NSD's responsibilities connected with
processing, checking of the electronic signature's authenticity and keeping
of the transmitted messages.
The new service allows: - To exclude necessity in conclusion of agreements of each participant with each registrar when organizing EDI in their accounts with registers. All necessary agreements and contracts are to be concluded with NSD. - To speed up and make cheaper a delivery of orders to the registers and receipt of information from the registers - To simplify compilation of a register of securities holders - To avoid occurrence of fake orders and reports - To arrange a receipt/transmission of electronic documents in PARTAD format; it will allow to speed up and automate a processing of information from the register and execution of orders, as well as to decrease operating risks and expenses.
PARTAD works on a procedure of registration of transfer agent agreements
by the self-regulated organization considering implementation of transfer
agent functions by NSD.
More information about the service (in Russian) is available at NSD's web
Transfer Agent Services (www.nsd.ru/ru/workflow/registrars/tas/).
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
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
For further information about NSD: www.nsd.ru , or NSD Public
Affairs Division: +7-495-232-0910, email@example.com
Tags: May 12, Moscow, Nsd Public Affairs Division, Russia