Speedy Settlement Scheme
In November 2007 ING Commercial Banking (legal name "ING BANK (EURASIA) ZAO") and Closed Joint Stock Company "The National Depository Center" ("NDC") launched Speedy Settlement Scheme (SSS). The scheme enables for more efficient and rapid settlement with shares of Russian issuers.
It is possible to effect a same day conversion of shares, which were transferred via SSS, into depository receipts. If shares have been bought on MICEX in RTGS trading mode (code - Z0), they can be transferred to ING immediately after the purchase.
The underlying shares that have been released after depositary receipts cancellation and then transferred via SSS from ING to NDC can be traded on MICEX on the same day.
Please be informed that starting from May 11, 2010 the list of securities eligible for settlement via Speedy Settlement Scheme (SSS scheme) between the National Depository Center (NDC) and ING (legal name "ING BANK (EURASIA) ZAO" (Closed Joint Stock Company)) shall be supplemented with 6 new issuers: (1) DALNEVOSTOCHNAYA ENERGETICHESKAYA KOMPANIYA, (2) DOROGOBUZH, (3) KORSHUNOVSKIY GOK, (4) PERMSKIYE MOTORY, (5) ROSNEFT'-SMOLENSKNEFTEPRODUKT, (6) TGK-11. Accordingly, with the enhancement of the SSS list with these 6 additional issuers, 61 issuers are currently eligible for settlement via SSS scheme.
The list of securities eligible for settlement via SSS scheme
For more information please contact:
ING Commercial Banking
Securities Settlements
Olga Pissarenko
Ò +7 495 786 3857
E Olga.Pissarenko@ingbank.com
NDC
Client services department
Ò +7 495 956 2790, +7 495 956 2791