The National Depository Center (NDC), a Russian CSD, says that from 31 January shares in Severstal OJSC can be serviced by the NDC-DCC “bridge.”
The bridge links Russia’s two leading trading systems – MICEX and RTS – and represents a means of facilitating securities transfers between NDC, which services MICEX-listed securities and Depository Clearing Corporation (DCC), which services RTS securities. NDC and DCC today signed an agreement expanding the list of issuers whose securities are admitted for servicing via interdepository account.
The NDC-DCC bridge currently services the securities of 53 issuers.