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Unofficial translation see at the bottom

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Unofficial Translation

CENTRAL DEPOSITARY
THE FEDERAL STATE UNITARY ENTERPRISE
( CENTRAL FUND of a STORAGE & INFORMATION PROCESSING of the SHARE MARKET)

Ref. № 0021 (ПГД) from 01.03.2000.
To: Dmitri V. LUBOMUDROV
Vice-president of Commercial Bank "LEGPROMBANK"

Dear M-r Lubomudrov !

We express to you thanks for granting of materials about creation in Russia безрисковых is rated - clearing of banks. By results of their consideration in the "Central Depositary" we inform, that in conditions of incomplete legislative basis and usual situation in an orb of money accounts it is obviously necessary to us to direct gains on creation of such banks.

On our sight, it can real change in the best party a situation with crisis of confidence in a banking system and to improve an investment climate. Moreover, it will promote transference of risks which are not dependent on banks on faces, accepting solution about realization of accounts, that will be indispensable to promote growth of the economic responsibility of the enterprises for solutions, accepted by them, in the field of management of money. On the other hand, this will give impulse for development of consulting functions of banks and to general decrease of system risks in a bank orb.

We consider, that your offers can be recommended for serious consideration for want of development both state programs of perfecting of a banking system, and programs supposing interaction with banks, for example, in the investment projects including foreign investors.

With the party, after a beginning of actual work one from NoRisk-Banks created on a model, offered you, the "Central Depositary" is ready to be a client of such bank for customer money operations.

Yours faithfully,

The general director                          Oleg K. EFIMKIN

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e-mail : ldv777@hotmail.com или ldv777@mail.ru

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