OJSC “The National Depository of Ukraine” (NDU)


Contacts


Postal Address   3 Grinchenko St. Kiev 01001, Ukraine
Tel. +(380-44) 279-65-40
Fax +(380-44) 279-13-22
E-mail  info@ndu.gov.ua
Web-site http://www.ndu.gov.ua/


Legal Framework

Foundation date                               17 May 1999

On December 18, 1998, the Securities and Stock Market State Commission and the National Bank of Ukraine signed an Agreement on Establishing the National Depository of Ukraine. The state registration took place on May 17, 1999.

The National Depository of Ukraine was established in 1999 pursuant to the Law of Ukraine “On National Depository System and Peculiarities of Electronic Circulation of Securities in Ukraine” to ensure functioning of a single depository accounting system.

On September 19, 2006, the State Securities and Stock Market Commission granted the National Depository of Ukraine a ten-year-valid license to carry out depositary activity of a securities depository.
AB No.189650

On April 21, 2008, the State Securities and Stock Market Commission of Ukraine granted to the NDU a ten-year-valid license to carry out clearing and settlement activity.
AB No.397921

Under this license, the NDU exercises operational activity, namely safekeeping and servicing of securities circulation on securities accounts as well as issuers’ operations as to outstanding securities.


Management

Vladimir Ulyanov
Chief Executive Officer

Vladimir Ulyanov was born in Kyiv on June 10, 1957
In 1980 he graduated from Kyiv Polytechnic Institute, major in electrical engineering.
1995-1999 – Director of Corporate Finance Department, State Securities and Stock Market Commission;
July 1, 1999 – Director of Securities Numbering Department, National Depository of Ukraine;
August 1, 2000 – Deputy Chairman of NDU;
July 1, 2003 – First Deputy Chairman of NDU;
January 17, 2006 – Chief Executive Officer of NDU.

Married, has two daughters and a grandson.


Ownership Structure

NDU’s share capital makes up UAH 30 000 000. The State owns 86 % of shares, from them, 86 % - by the Securities and Stock Market State Commission. Besides, 14 % shares of  NDU belong to professional stock market participants of Ukraine.


Main Functions

According to the Law of Ukraine “On the National Depository System and Peculiarities of Electronic Circulation of Securities in Ukraine”, the NDU shall exercise the following activities:

  • safekeeping and servicing of securities circulation;
  • servicing of issuers’ operations as to the outstanding securities;
  • clearing and settlement of securities transactions;
  • keeping of the registries of registered securities owners.

Within exclusive competence of the National Depository shall fall the following activities:

  • standardization of depository accounting and documents management on securities operations;
  • according to international standards, numbering (codification) of securities issued in Ukraine;
  • establishment of relations and ongoing cooperation with depository institutions in other countries, conclusion of bilateral and multilateral agreements on direct partnership or correspondent relations aimed at servicing international securities transactions by participants of the National Depository System and supervision of their correspondent relations with depository institutions in other countries;

In addition, the NDU performs other functions provided for by Ukrainian legal and regulatory acts:

  • monitoring of production and receive of model registered securities certificates by issuers;
  • allocation of individual identification codes to non-resident securities owners;
  • allocation of interdepository record-keeping codes to custodians, depositories, and foreign depository institutions;
  • receiving records of registered securities owners of issues switched to non-documentary (book-entry) form;
  • receiving primary documents affecting registered securities owners’ record systems for issues switched to non-documentary (book-entry) form;
  • receiving documents from the record system of registered securities owners;
  • upon securities materialization, receiving consolidated accounting registries of shareholders’ accounts and copies of documents
  • serving the grounds for shares’ encumbering as to issues switched to documentary (physical) form;
  • maintenance of documents and copies of custodian’s databases, information on its depositors as well as safekeeping of securities of a custodian’s depositors on securities accounts once a securities custodian ceases to perform its professional activity on the stock market.


    • Annual Reports

      Annual Report 2006 (in Russian)
      Balance Sheet as of 31 December 2006 (in Russian)
      Financial Statement 2006 (in Russian)
      Annual Report 2005 (in Russian)
      Balance Sheet as of 31 December 2005 (in Russian)
      Financial Statement 2005 (in Russian)


    International Cooperation

    • Association of National Numbering Agencies (ANNA)
    • International Association of Exchanges of CIS countries
    • Brussels International Bank Club
    • Co-founder and full member of the Association of Eurasian Central Securities Depositories (AECSD)
    • S.W.I.F.T.

    Links with Foreign CSDs:

     

    • Memorandum on Understanding - signed by the State Agency of Ukraine for Investments and Innovations, the National Depository of Ukraine, CCP Austria Abwicklungsstelle fuer Boersengeschaefte GmbH, CSD.Austria, and Vienna Stock Exchange. The Memorandum provides for information exchange, organization of regular meetings, carrying out of research work, implementation of common projects and establishment of inter-depository relations.
    • Memorandum on Cooperation - signed by the National Depository of Ukraine and National Depository Center (Azerbaijan Republic). Main issues envisaged in the Memorandum are as follows: information exchange on procedure of functioning of clearing and settlement accounting systems in the Republic of Azerbaijan and Ukraine; elaboration and establishment of correspondent relations between Depositories to provide for settlement of cross-border transactions among stock market participants in the Republic of Azerbaijan and Ukraine; formation of working groups upon Depositories’ joint projects implementation; studying of record-keeping systems of the Republic of Azerbaijan and Ukraine, etc.
    • Memorandum on Cooperation - signed by the National Depository of Ukraine and Latvian Central Depository (Latvia). Main items stipulated by the Memorandum are as follows: elaboration and establishment of correspondent relations between Depositories; organization of mutual trainings and exchange of expertise of Depositories’ specialists; mutual consultations on issues related to setting safekeeping and data processing systems; advisory assistance to Ukrainian and Latvian stock market participants on issues related to record-keeping systems of these countries, etc.