OREANDA-NEWS. December 18, 2009. Depository Clearing Company (DCC) started commercial use of DEPO/X, new settlement and depository software. This became possible due to long-term cooperation of DCC specialists and CMA Small Systems AB software developer.

The new settlement and depository system provides additional functionality, including an increase in performance to 100 thousand operations a day to ensure a ten-fold growth in capacity with regard to possible peak load. The system also allows further increase in performance by adding processing units. The new system is based on the Oracle DBMS, which makes it possible to implement efficient depository and clearing technologies.

The new settlement and depository system will be used for all types of settlement including DVP.

The new system allows automatic processing of registrars' documents in PARTAD formats and automated matching of depository instructions with the documents received from registrars.

New features of the system which enhance DCC's services like real-time FOP and DVP settlement will be introduced gradually upon introduction of respective amendments to the Terms and Conditions of Depository Activity of DCC and as required by clients.

DEPO/X has been introduced in the frame of DCC's Technical Development Strategy to 2013, whose implementation will ensure DCC's technical and technological conformity to international standards and requirements.

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Depository Clearing Company is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.
CMA Small Systems AB - СМА Small Systems AB (www.cma.ru) suggests turnkey solutions tailored to financial markets. CMA develops solutions for stock exchanges, depositories, clearing and settlement institutions, central banks, brokers and investment companies.