OREANDA-NEWS.  January 13, 2012. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 11 January, 2012, it effected a payment of income on current (twentieth) coupon of the federal bonds with fixed coupon income (state registration number 26199RMFS) in compliance with a new income payment procedure meeting international standards, in particular, the procedure accepted by Euroclear and Clearstream.

According to the new procedure of payment of the income and other payments on equity securities with mandatory centralized custody (including federal securities), the depositories certifying the rights for equity securities with mandatory centralized custody shall provide to its clients the services related to receipt of the income and other payments on these securities in compliance with amendments to the Law "On Securities Market" and Russian Tax Code which came into effect on 1 January, 2012.

A depository effects payment on securities to its clients in proportion to the number of securities kept on the clients' depository accounts as of the date established as a date of payment on securities by the issuer in compliance with the resolution on securities' issuance. At the same time the depositories providing payments to the holders of equity securities with mandatory centralized custody are recognized as fiscal agents.

The described amendments to the procedure of payments of income on securities are applicable to the federal state equity securities with mandatory centralized custody regardless of the date of the issue's registration, and to other equity securities with mandatory centralized custody which state registration or assignment of identification code was held after 1 January, 2012.