DGAP-News: National Settlement Depository: NSD User Committees to Consider Principles of Formation of Service Mix and Tariff Model for Integrated Depository

EquityStory.RS, LLC-News: National Settlement Depository / Key
word(s): Miscellaneous
National Settlement Depository: NSD User Committees to Consider
Principles of Formation of Service Mix and Tariff Model for Integrated
Depository

07.02.2012 / 15:21

———————————————————————

NSD User Committees to Consider Principles of Formation of Service Mix and
Tariff Model for Integrated Depository

MOSCOW – National Settlement Depository (NSD), Russia–s only settlement
depository servicing the full range of debt and equity securities of
Russian issuers, reports that on 17 January a joint meeting of members of
NSD–s User Committees and DCC–s Committee of Major Participants was held.
The participants of the meeting discussed principles of formation of a
service mix and a tariff model for an integrated settlement depository to
be formed on basis of NSD, DCC and Settlement Chamber RTS.

Principles of harmonization of services and formation of a new service mix
of the integrated depository
– Retaining popular services provided by DCC

– Provision of services by NSD and DCC simultaneously during a period
necessary for the clients– adaptation to the idea of the services
provided by the integrated depository

– The integrated depository–s service mix is to include NSD–s services,
DCC–s popular services and new services developed in line with the
integrated depository–s strategy.

Principles of harmonization of tariffs and formation of a new tariff model
The integrated depository–s tariff model is to be formed on the basis of
NSD–s model:
– The integrated depository–s tariff model complies with best market
practices;

– The integrated depository–s commission income covers operating costs to
provide reliable and uninterruptable operations;

– The integrated depository–s commission income contribute to development
of the settlement and depository services, as well as to the service
quality improvement;

– Flat fee for settlement services is applicable regardless of the value
of transferred assets;

– Discounts are available in the form of descending scale of safekeeping
fees in respect of increasing volume of assets on deposit.

Principles of the integrated depository–s tariff model with regard to
depository services
Safekeeping of securities:
– Establishment of tariffs in basis points of the market value of
securities on deposit;

– A descending scale providing discounts at the rate of tariff for
safekeeping of securities in respect of increase in assets on deposit;

– Differentiation of rates for safekeeping according to the types of
securities;

– Existence of Long Term Safekeeping Sections (LTSS) for long term
safekeeping of shares:

– Fee for safekeeping in LTSS is charged monthly for each securities
issue, given that the minimal fee is lower that current DCC–s
minimal securities safekeeping fee;

– Fee for transferring securities is charged on basis of a flat fee
for operations with securities on LTSS additionally to the tariff
for an appropriate type of operation.

Operations:
– Flat fee for conducting operations depending on the operation–s type.

Other services:
– Flat fee charged to an issuer using adjustment coefficients with regard
to bonds– types and placement terms;

– Provision of assistance in assigning international CFI codes to foreign
financial instruments (flat fee).

Principles of the integrated depository–s tariff model with regard to
settlements and cash services
– A structure of the settlement and cash services as well as tariff
principles and terms comply with Russian banking practice;

– Cancellation of an independent tariff for unpopular services or
services bringing an insignificant income which are not billed by NSD,
adding the expenses for these services to the –enlarged service– (for
instance, –Account Maintenance–) with further introduction of the
independent tariff after automation of recordkeeping of operations and
commissions;

– Unification (classification) of tariffs for foreign currency operations
denominated in rubles regardless of currency of the operations;

– Introduction of increased/–prohibitive– tariffs for conducting
operations on basis of paper documents;

– Review of tariff levels:

– in case of considerable foreign currency fluctuations;

– in case of increased operating costs;

– annually on basis of a rate of inflation.

– Separate services can be provided to the clients using an individual
approach.

The abovementioned principles are to represent a basis for the corporate
solutions projects.
The presentation is available at NSD web site.

About NSD

National Settlement Depository (NSD) is the largest settlement depository
in Russia, a part of the MICEX-RTS 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.

For further information about NSD: www.nsd.ru , or NSD Public Affairs
Division: +7 495 232 0910, pr@ndc.ru

Follow us in Twitter: http://twitter.com/NSD_News

About DCC

Depository Clearing Company (DCC) is Russia–s largest settlement depository
for shares. DCC provides a full range of settlement and depository services
in the Russian securities market in compliance with accepted international
standards.

End of Corporate News

———————————————————————

07.02.2012 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

EquityStory.RS, LLC–s Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

———————————————————————

Language: English
Company: National Settlement Depository
13, bld. 1, Mashkova St.
105062 Moscow
Russia
Phone: +7 (495) 232-09-10
Fax: +7 (495) 956-09-38
E-mail: pr@nsd.ru
Internet: www.nsd.ru
ISIN: RU000A0JR068

End of News EquityStory.RS, LLC News-Service
———————————————————————
155722 07.02.2012

  national-settlement-depository-nsd-user-committees-to-consider-principles-of-formation-of-service-mix-and-tariff-model-for-integrated-depository