OREANDA-NEWS. August 22, 2012. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has appointed Nikolai Degtyarev as the company’s Deputy Chairman of the Executive Board, member of the Executive Board. Mr. Degtyarev is to be responsible for development of NSD’s information technologies and engineering support.

About Nikolai Degtyarev

In 1985, Nikolai Degtyarev graduated from Moscow State University with a specialty in mathematics. Since 1996, he has worked in the Bank of Russia. In 1997, he headed the Bank’s Sector of Operations in Open Market, and in a year he was appointed the Deputy Head of Division of the Department of Operations in Open Market. In 2003, Mr. Degtyarev headed the IT Division of Department of the Support and Control over Operations in Financial Markets. In 2006, he was appointed Deputy Director, Head of Division of IT Support of Operations in Financial Markets. In the Bank of Russia Mr. Degtyarev was responsible for development of the system allowing to hold REPO operations in exchange and OTC markets in the real time regime, the automated system managing the unsecured loan granting processes, as well as for development and launch of the automated system allowing to trade foreign currency within the dual currency basket.

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange 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.