Презентация на тему National Depository of Ukraine (NDU)

the Law of Ukraine ‘On National Depositary System and

Peculiarities of Electronic Circulation of Securities in Ukraine’ to ensure functioning of a single depositary record-keeping system

On December 18, 1998, SSMSC and NBU signed an Agreement Establishing National Depository of Ukraine

NDU registration with the State took place on May 17, 1999

The State represented by the National Securities and Stock Market Commission owns 25 % of NDU shares. In addition, 25 % of shares belong to the National Bank of Ukraine

NDU share capital makes up UAH 103 200 000

Law of Ukraine ‘On Depositary System of Ukraine’ came

into force (hereinafter - the Law)

According to Article 9, part 2 of the Law, CSD is a legal entity which operates in the form of a public joint-stock company under the Law of Ukraine ‘On Joint-Stock Companies’ with consideration of peculiarities set by the Law

Once CSD GTC are registered by the National Securities and Stock Market Commission in keeping with the stipulated procedure, a joint-stock company is deemed to have obtained a CSD status

On October 1, 2013, the National Securities and Stock Market Commission registered CSD GTC submitted by NDU (Commission’s Resolution No. 2092 as of 01.10.2013)

of the following international organizations:
Association of National Numbering Agencies

(ANNA)
European Central Securities Depositories Association (ECSDA)
International Securities Services Association (ISSA)
Association of Eurasian Central Securities Depositories (AECSD)

as follows:
crediting securities into the depositary record-keeping system, their

record-keeping,
safekeeping, and debiting

Ukrainian securities numbering (codification) according to international standards

keeping records of issuer’s obligations arising from own issues’ securities

receiving income and other proceeds as a result of issuers’ corporate actions

safekeeping of global certificates and temporary global certificates

drawing up registers of registered securities owners

opening and maintaining securities accounts

implementation of international standards on depositary activity

customers’ depositary activity supervision

National Bank of Ukraine

custodians (depositary institutions)

foreign (I)CSDs

clearing institutions and

the Settlement Center

NSD (Russian CSD)

RUE RCSD (Belorussian CSD)

accounts
ISIN, CFI codes allocation
safe-keeping of issues’ global certificates
servicing transactions

related to securities placement on owners’ accounts
servicing on-exchange IPOs
reflecting issuer’s buy-back operations
reflecting circulation of issuer’s securities on the secondary market
servicing issuer’s proceeds and other income payments on outstanding securities
processing issuer’s corporate actions
drawing up lists of beneficial owners (in soft and hard copies)
providing statements for their submission to state authorities
certifying issuers’ IPO reports
providing advisory services

securities accounts
executing securities transactions
processing record-keeping operations related to book-entry

securities placement
securities transactions settlement:
FOP
DVP
on-exchange IPOs
issuers’ corporate actions reflection on depositary institutions’ accounts
issuers’ corporate actions notifications
record-keeping of encumbered securities on owners’ accounts
collateral management:
– refinancing by the National Bank of Ukraine
– interbank lending
transferring income to depositary institutions’ accounts for its further distribution among beneficial owners

envisaged in current legal and regulatory acts related to

depositary activity as well as securities transactions settlement, and includes technological facilities needed for custodians’ depositary activity

NDU offers depositary institutions and their depositors full-fledged depositary servicing of cross-border transactions (via links with foreign (I)CSD by means of S.W.I.F.T.)

NDU provides custodians with a ‘custodian’s branch’ module for providing services in their remote branches located all over Ukraine

Technological Support

NDU Depositary Activity Technological Complex (NDU DPS) was developed within the framework of implementation of the State Program For Development of the National Depositary System of Ukraine

stock market participants to use advantages of electronic documents

flow, including electronic reporting to state authorities (Regulator)

NDU Backup Datacenter is located remotely; in the event of NDU Main Datacenter’s outage, a catastrophe-resistant technological software complex provides for the highest level of reliability and continuity of depositary activity as well as processing of transactions initiated by stock market participants

NDU Accredited Certification Authority provides domestic stock market participants with digital signature and information enciphering services. NDU guarantees compliance of electronic documents flow among domestic stock market participants with the Law of Ukraine ‘On Electronic Digital Signature’ as well as full confidentiality upon data exchange

Secured Electronic Documents Flow