The 20th Anniversary of SDCO (JSC)

On 22 April 2018, Settlement depository company (Joint Stock Company), one of the leading clearing organizations of Russia, celebrates the 20th anniversary of its incorporation.

Today SDCO serves more than 1,400 companies which operate in commodity and financial markets, including Rosneft, Gazprom Neft, Surgutneftegas and Transneft.

Since September 2008 SDCO has been an authorized clearing organization of the Saint-Petersburg International Mercantile Exchange (SPIMEX), and at the beginning of 2018 it became a member of the SPIMEX Group.

SDCO - in cooperation with SPIMEX - has developed a system that clears on-exchange trades in petroleum products, natural gas, crude oil, mineral fertilizers, timber and commodity futures.

Alexey Rybnikov, President of SPIMEX: ‘For the past 10 years SPIMEX - acting hand in hand with SDCO - has been playing an important role in establishing a transparent pricing mechanism in the Russian commodity market. Now we join together in an exchange group that will bring new synergy to our projects in domestic and international markets!’

Elena Shabunina, head of SDCO: ‘SDCO celebrates its 20th anniversary – 20 years of depositary business and 10 years of clearing business. We have created a clearing system that successfully operates in commodity derivatives markets and commodity spot markets, both domestic and international, and an advanced and secure risk management system. We are proud of our team: more than a half of our colleagues have been working at SDCO for more than 10 years! Today, I would like to thank our partners and each clearing member for their trust and long-term business cooperation!’


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