OJSC Moscow Exchange to Increase Equity Capital of NCC
OJSC Moscow Exchange as the sole shareholder of CJSC JSCB National Clearing Centre has made decision to increase the NCC's authorized capital by 9 billion roubles up to 15.170 billion roubles.
Says Alexey Khavin, Chairman of the Board of CJSC JSCB National Clearing Centre: "The sole shareholder's decision is a significant step aimed to further strengthen the financial solvency of the NCC which functions as a clearing organisation and the central counterparty in the markets of the Moscow Exchange". Mr Khavin noted that ''it is a very positive sign for market participants enhancing their overall trust in the exchange market infrastructure".
Pursuant to the resolution by the sole shareholder, the authorized capital of NCC will be increased from 6,170,000,000 to 15,170,000,000 roubles by allotment of privately traded additional common registered uncertified shares of CJSC JSCB National Clearing Centre in the number of 9,000,000, with a face value of 1,000 roubles each, within the range of the quantity of authorized shares.
Information for editors:
CJSC JSCB National Clearing Centre, member of the Moscow Exchange Group, was established in October 2005. NCC renders clearing services and acts as central counterparty in the financial market. The bank’s sole shareholder is the Moscow Exchange (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 June 2013, the bank’s equity exceeded 15 bn 945 mln roubles, including the authorized capital of 6 bn 170 mln roubles.
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