Russian CSD, the National Depository Center (NDC), says that from 31 January, shares in Severstal OJSC were eligible for being serviced across the electronic bridge between the NDC and the alternative CSD, DCC.
The bridge links Russia’s two leading trading systems – MICEX and RTS – and aims to facilitate securities transfers between NDC, which services MICEX-listed securities and Depository Clearing Corporation (DCC), which services RTS securities.
On 31 January, NDC and DCC today signed an agreement expanding the list of issuers whose securities are admitted for servicing via an inter-depository account.
The NDC-DCC bridge currently services the securities of 53 issuers.