RTS Changed Details of Bank Account for Initial Margin Transfer
OREANDA-NEWS. On 13 August 2009 was announced, that in compliance with the requirements of the "Provisions on rules of accounting in credit organizations domiciled in the Russian Federation" (No.302-P as of 26 March, 2007) details of the bank account opened for the RTS Clearing Center with the RTS Settlement Chamber for Initial Margin and FORTS Contingency Fund contribution transfers will be changed as of September 1, 2009.
Effective September 1, 2009 Initial Margin and Contingency Fund contributions are to be credited to the following account:
Beneficiary bank: Non-Banking Credit Organization RTS Settlement Chamber,
BIC: 044583258
Correspondent account: 30103810200000000258
Beneficiary: Joint-stock company "
Beneficiary account No 40702810500000000039
TIN: 7712071068
Payment purpose Transfer of Initial Margin under Agreement NXX as of DD.ММ.YYYY. Code of the clearing register section RRRRRRR. VAT exempt.
Transfer of the Contingency Fund contribution for admission to the equity section of the derivatives market under Agreement NXX as of DD.MM.YYYY. VAT exempt.
where:
XX stands for the number of the Clearing Services Agreement. Please, note that it is necessary to reproduce the exact separator in the Agreement number, for example, XXX-K or XXX/K;
DD.ММ.YYYY stands for day, month and year when the Clearing Services Agreement was signed;
RRRRRRR stands for the code of the clearing register section where to the funds are to be credited.
For straight through processing of IM payment instructions you are required to complete the field "Payment purpose" in accordance with the Clearing Rules of OJSC RTS Clearing Center and the forgoing pattern.
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