OREANDA-NEWS. November 12, 2007. OJSC "IC RUSS-INVEST” and LLC “Spectr Invest” have joined the delivery-versus-payment (DVP) system without prior depositing of assets with the settlement in US dollars.

Starting from September 17, 2007 the use of this technology by the RTS Trading participants has become possible not only for settling the trades at the expense of clients non-residents, but also at the expense of own funds of trading participants.

For the moment 73 trading participants have an opportunity to execute trades on DVP terms with the settlement in US dollars.

DVP system is an obligatory method of trades settlement in the segment of electronic (“anonymous”) trading on the Classic market, where the most liquid securities are traded. For 28 securities DVP is the only method of settlement, which could be chosen in the quotes of the Classic market.

The technology of DVP settlement without prior depositing is performed on the basis of Closed Joint-Stock Company "Depository Clearing Company" (DCC), depositary of RTS. The settlement is performed via three clearing companies:
RTS Settlement Chamber
JPMorgan Chase Bank (NY);
Citibank (NY).

Participants of the DVP system have an opportunity to settle the trades on all securities, held in CJSC DCC, including the whole list of the Classic market securities and quotation system RTS Board. The settlement can be performed also for OTC trades, including the trades on those securities which are not listed.

The use of the DVP settlement system is possible for settling both the trades with RTS participants and trades with some of the institutional investors.