130 Securities Market Participants Settle RUR DVP Trades at DCC
OREANDA-NEWS. December 4, 2008. In June 2008 Depository Clearing Company (DCC) started settlement of transactions on DVP basis in Russian rubles. In 6 months 130 Participants made use of the new service. The value of such operations made up RUB14.3 bln, their volume exceeded 3700.
Participants' interest in DVP settlement at DCC results from the modern settlement technology developed by the Depository:
• settlement of trades in any currency within the same clearing sessions and using the single technology;
• possibility to settle both on-exchange and OTC trades;
• settlement of trades for both residents and non-residents;
• usage of the same depo account to settle trades in different currencies.
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