OREANA-NEWS. January 23, 2008. "PromptInvestCapital" Ltd. and CJS company "UFC-capital" joined DVP system without prior depositing of assets with dollar settlement, the RTS press service reports.

Starting from September 17th, 2007 the use of this technology by the RTS trading participants became possible for settling transactions not only at clients-nonresidents expense, but also at the expense of clients-residents and at the expense of own funds of a trading participant.

At present, 76 trading participants have an opportunity to settle transactions on DVP terms with dollar settlement. DVP system is a mandatory method of settlements in the segment of electronic (“anonymous”) trading on the Classic market, where 8 most liquid stocks are traded. And for more 28 securities DVP is the only method of settlements, which can be shown in quotations of the Classic market.

The DVP technology without prior depositing of assets is operating on the basis of CJSC DCC, RTS settling depository. Cash settlements take place through 3 clearing organizations:

RTS Settlement Chamber
JPMorgan Chase Bank (NY)
Citibank (NY)

DVP system participants are given an opportunity to execute transactions on all securities, which are kept in CJSC DCC, including the whole list of securities of the Classic market and RTS Board system. Settlements can be carried out also for the OTC market transactions, including securities, which are not included into quotation lists. The use of the DVP system is possible not only for settling trades with RTS members, but also with institutional investors and such OTC market participants as Lehman Brothers, BEAR STEARNS, Nomura International, BNP PARIBAS, SOCIETE GENERALE and others.