OREANDA-NEWS. September 11, 2008. The Department for Correspondent Relations of ZAO DCC starts work on September 01, 2008.

Functions of the new department comprise cooperation with correspondent depositories including global custodians, international settlement and clearing organizations, foreign central securities depositories. Establishment of the new department will provide for DCC Participants access to a wider range of possible counterparties and serviced financial instruments.

At present DCC cooperates with depositories of Citibank, Sberbank, Gazprombank, CSD of Kazakhstan and NDC. DCC has accounts in Clearstream and Euroclear opened via VTB Bank.