Republican Central Securities Depository



Russia Establishes Central Securities Depository (CSD)

Moscow, 6 November 2012 – Moscow Exchange Group is pleased to announce that the Russian financial markets regulator Federal Financial Markets Service has today granted the Group's subsidiary National Settlement Depository (NSD) status as the country's Central Securities Depository (CSD). The establishment of a CSD is a landmark development in the Russian capital markets and will increase transparency in respect of securities ownership, improve efficiency, and give international investors easier access to Russian securities.

Over time, the CSD is expected to enhance liquidity and lower settlement costs, while ensuring that all market participants operate on the same post-trading platform.