The Moscow Department of the Federal Tax Service has registered amendments to the Articles of Association of CJSC JSCB National Clearing Centre (hereinafter NCC) related to increase of its authorized capital, which is now equal to 6 bn 170 mln roubles. Previously, the Department for Licensing and Financial Rehabilitation of Credit Institutions of the Bank of Russia registered a report on the results of the additional share issue of CJSC JSCB National Clearing Centre for the amount of 1 bn. 735 mln. roubles.
The additional issue consists of 1,735,000 common registered uncertificated non-convertible shares with nominal value of 1,000 roubles each (at placing price of 1,000 roubles).
“This increase in equity is an important factor helping to further strengthen financial stability of NCC as a clearing organization and a central counterparty performing its functions in the foreign exchange and stock markets of OJSC MICEX-RTS”, says Alexey Khavin, the Chairman of the Board of CJSC JSCB National Clearing Centre. He added that “an ongoing increase of NCC capitalization is an essential condition of the stability in the Russian financial market infrastructure and an important factor for further build-up of confidence in it on the part of both - Russian and foreign market participants”
Information for editors:
CJSC JSCB National Clearing Centre, member of MICEX Group, was established in October 2005. Since 10 December 2007, NCC has been rendering clearing services as central counterparty in the MICEX FX and securities markets. The bank’s shareholder is OJSC MICEX-RTS (100%).
Since November 2009, NCC has been member of the European Association of Clearing Houses – Central Counterparties (EACH), and since September 2011 – member of the Global Association of Central Counterparties – CCP12.
NCC holds a license of the Bank of Russia for banking operations with rouble and foreign currency funds, and a license of professional securities market participant, issued by the Federal Service for Financial Markets (FSFR). As of 01 January 2012, the bank’s equity equalled 10 bn. 123 mln. roubles, including the authorized capital of 6 bn. 170 mln. roubles.