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THE NATIONAL DEPOSITORY CENTRE
OVERVIEW
Our objective is to provide a
comprehensive service of a
world-class quality to our domestic
and international clients
WWW.NDC.RU
LEGAL STATUS AND OWNERSHIP
 Founded as a non-profit partnership by the Bank
of Russia and “Moscow Interbank Currency
Exchange” (MICEX) on 21 January 1997.
 In July 1998, NDC was joined by major
commercial banks actively trading on the local
securities market.
Owners and their ownership
interest percentages
O thers*
7%
Central Bank
29%
MICEX
64%
* 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.
Main units of NDC’s structure
General Meeting of NDC Members
Advisors
Deputy Direector,
Operations
Depository
Operations
Division
Clearing
Department
Operations
Department
Regional Policy
Department
Customer services
Department
Control Unit
Archives Unit
Information and
analytic service
Accoounting
Division
Corporate Actions,
Issuer and
Registrar Relations
Division
Corporate Actions
and Information
Unit
Issuer and
Registrar Relations
Unit
Director of NDC
(M.A. Laufer)
Legal Department
Internal Control
Department
Regional
Branches
Deputy Director,
Development
Saiberian Branch
Soft&Hard-ware
Maintenance
Division
Technological and legal
maintenance of electronic
documents interchange
and depository operations
Saint-Petersburg
Branch
Rostov-on-Don
Branch
Software
Maintenance
Department
Software
Development
Department
Hardware
Maintenance
Department
135 employees
Operational staff - 36
Development
Group
Client service - 14
Office System
Maintenance Unit
Soft & Hardware maintenance - 20
Full licensed
professional securities market participant
Federal Commission's
for the Securities Market (FCSM)
license for Depository activity
No. 177-03431-000100
dd. 04 December 2000
Federal Commission's
for the Securities Market (FCSM)
license for Clearing activity
No. 177-03437-000010
dd. 04 December 2000
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
Securities accepted to deposit in the NDC
Government
Securities
Subfederal and
Municipal bonds
Equities
Corporate
bonds
GKOs
OFZs
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
Number of securities issues
accepted for safekeeping
Corporate bonds
1200
1000
Subfederal and
Municipal bonds
800
600
GKOs
400
200
OFZs
0
Q1
Q2 Q3 Q4
2000
Q1 Q2
2001
Equities
Total assets under custody
Bln. USD
25
20
15
Equties
10
Corporate bonds
Government bonds
5
0
Q1
Q2 Q3
2000
Q4
Q1 Q2
2001
 Approx. 21 bln. securities
are held in the depository accounts in NDC
Number of Accounts
1000
800
600
Beneficial owners
400
Omnibus
200
0
Q1
Q2
Q3
2000
Q4
Q1
Q2
2001
 approx. 16000 of investor depository accounts
are opened with the Subdepository Technical Support Center
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
The Trading System
The Clearing Centre
NDC
NDC
Depositors
The MICEX Settlement
House
The Regulated
Securities Market
Clearing Centre
NDC’s RELATIONS WITH THE ORGANIZATIONS
OPERATING ON THE CORPORATE BOND MARKET
The Trading System
The Clearing Centre
The Technical Centre
NDC
The Depository
NDC
Customers
The MICEX
Settlement House
Corporate
bond issuers
NDC’s RELATIONS WITH THE EQUITIES,
SUBFEDERAL AND MUNICIPAL BOND MARKET OPERATORS
The Trading System
The Clearing Centre
The Technical Centre
The Depository
and Clearing
Company
The MICEX
Settlement House
NDC
The Depository
NDC
Depositors
Registrars
Subfederal
and municipal
bond issuers
Technological Facilities
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
Federal Agency’s of Government
Communication and Information license
No. LF/17-381 dd. 29 September 1998
Technological Facilities
NDC is crucial to provide you with the most efficient,
timely, and secure execution of your instructions
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
Technological Facilities
Main system
 Hewlett-Packard HP9000 - 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
 Hewlett-Packard HP 9000 - V2200; disk array ‘HewlettPackard XP256’
Document interchange
Internet e-mail
NDC
Open-mail – encrypted MICEX Global Net with
Electronic Digital Signature (EDS) facility
Internet E-mail – e-mail with cryptographic and
EDS facilities
Internet e-mail
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
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
Contact details
Secretariat:
Tel. +7 095 956-0931
Fax: +7 095 956-0938
Information and PR Division:
Tel: +7 095 956-0936
Fax: +7 095 956-0938
Mailing address:
1/13, Sredny Kislovsky Pereulok,
103009 Moscow, Russia
WWW.NDC.RU
E-mail: [email protected]