OREANDA-NEWS. September 24, 2010. Please be informed herewith that the new version of the Terms and Conditions of Depository Activity of Depository Clearing Company (hereinafter the Terms) approved by DCC President (Order No. 52 of August 06, 2010) comes into force with effect from October 04, 2010.

The new version of the Terms contains Par. 11 of Part 3 which describes the details of depository transactions on the "Deposit of Notary Public" securities account. Thus, with effect from October 04, 2010 DCC starts opening accounts for notaries public to safekeep and register securities transferred to notaries public on the bases stipulated in the legislation of the Russian Federation.

The following types of inventory transactions are available upon an instruction from a notary public in respect of the "Deposit of Notary Public” securities account:
deposition and withdrawal of securities;
delivery/receipt of securities on free of payment basis (securities transfer).

DCC performs mandatory corporate actions and global transactions on the “Deposit of Notary Public” securities account in accordance with the procedure used for proprietary securities accounts. In case of shareholder listings for exercise of rights attached to securities, the person indicated in such lists is the Notary Public, on whose account the deposited securities are registered.

Further details of depository transactions on the "Deposit of Notary Public" securities account are available in Par. 11 of Part 3 of the Terms.

Please be also informed that DCC Fees for Depository Servicing of the “Deposit of Notary Public” Securities Account come into force with effect from October 04, 2010. The Fees are available on DCC web-site, Fees section.

Should any questions relating to this message arise, feel free to contact your account manager at DCC.