OREANDA-NEWS.  February 12, 2008. The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today the planned introduction of a new consulting service, creation of which was considered and approved by a meeting of the Board of Directors Feb. 7.

The service will provide support for NDC customers in their contacts interactions with the national numerating agencies of other countries in the qualification of financial instruments as securities. NDC’s Board established a tariff for this support for the acquisition of CFI codes in the amount of RUR 3,400 excluding VAT per financial instrument. Additional expenses incurred by NDC are to be reimbursed by NDC customers based on the tariffs charged by the foreign numerating agency. It is noteworthy that to date NDC has received and processed requests for qualification as securities more than 6,000 financial instruments issued by foreign issuers. 

The date for the new tariff to come into effect will be announced to customers at a later stage.

NDC’s Board has also reviewed a report provided by NDC’s Internal Control Department for the fourth quarter of 2007 and has authorized NDC’s Director to take necessary measures in order to implement the report's