DCC Changes Settlement Procedure
OREANDA-NEWS. July 18, 2011. Depository Clearing Company (DCC) hereby informs its Participants on the changes to the schedule of the interdepository link between DCC and NSD (DCC-NSD Bridge).
With effect from July 06, 2011, settlement will take place from 10:00 to 18:35 Moscow time, with reports to be generated every 30 minutes. This will speed up securities transfers via the DCC - NSD Bridge. Participants will receive confirmations of the execution of their instructions (MT530/MT532 messages via DCC Client remote access system or MT544/MT546 messages via SWIFT) no later than 40 minutes after the instruction is provided to DCC.
According to the new schedule, instructions for settlement via interdepository links will be accepted until 6:15 p.m. Moscow time. Instructions provided after 6:15 p.m. will be settled on the same-day basis.
Please be also informed that with effect from July 06, 2011, securities of the following 20 issuers will be added to the list of securities eligible for settlement via the DCC-NSD interdepository link:
OJSC Bank Saint Petersburg;
OJSC Belon;
OJSC Gornozavodskcement;
OJSC Dorogobuzh;
OJSC Far Eastern Energy Company;
OJSC Kazanorgsintez;
OJSC Korshunovsky Mining & Processing Complex;
OJSC Interregional Distribution Grid Company of Centre, Joint-Stock Company;
OJSC Nizhnekamskneftekhim;
OJSC Rosneft-Smolensknefteproduct;
OJSC Perm Motors;
OJSC Ruspolymet;
OJSC GUM Trading House;
OJSC TSUM Trading House;
OJSC Tulaenergosbyt;
OJSC Interregional Distribution Grid Companies Holding;
OJSC Chelyabinsk Tube-Rolling Plant;
OJSC Center for Cargo Container Traffic TransContainer;
OJSC Dixi Group;
OJSC Farmstandart.
The complete list of securities eligible for settlement via interdepository links, as well as compliance of depository codes used by DCC and NSD, is available on DCC web-site.
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