National Settlement Depository (NSD), Interfax to set up joint disclosure system on securities, issuers
A single system of verified information about securities, released by Russian and foreign issuers, and about the issuers, too, is a super timely project which reflects the needs of Russian and foreign issuers, and matches the International Financial Center concept, NSD‘s CEO Eddie Astanin said.
"A modern stock exchange market, meeting the needs of Russian and foreign investors, cannot be built without exact and verified data on securities, released by Russian issuers. The risks arising in the absence of exact and prompt data on changes in the parameters of emissions, and on corporate moves leading to such changes, must not hinder the development of the financial sector, or the formation of the International Financial Center," said Interfax Group First Deputy General Director Vladimir Gerasimov.
The National Settlement Depository (NSD) is the largest settlement depository in Russia, 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.
For details, go to the www.nsd.ru website.
NSD Press Service: +7495 232-0910, e-mail: firstname.lastname@example.org
About Interfax Group
Interfax Group is a provider of professional information products and communication means, used in decision-making in politics and business, and a supplier of news, stock exchange information, analytics, company profiles, ratings and credit reports.
Interfax has created a major analytical system, SPARK, on companies in Russia, Ukraine and Kazakhstan, which has helped make the corporate sector much more transparent. As the Federal Financial Markets Service‘s authorized information agency, it supports the www.e-disclosure.ru information disclosure system. Please go to the www.interfax.ru website to learn more about Interfax.