OREANDA-NEWS. December 26, 2011. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Non-Banking Credit Organization Settlement Chamber RTS (Settlement Chamber RTS) announce a launch of settlements held by Settlement Chamber RTS via its correspondent account opened with NSD. The service is focused on an instant transfer of funds between NSD and Settlement Chamber RTS without using any external correspondent accounts. This will allow clients’ cost reduction for settlement servicing.

An NSD client, to conduct a wire transfer in favor of Settlement Chamber RTS should submit settlement instruction to NSD via Electronic Settlements System, Internet Bank-Client system or Intranet Bank-Client system as internal ruble transfer.

The rules of drawing up payment orders by the clients of Settlement Chamber RTS remain the same as usual. Settlement Chamber RTS at its own discretion will apply payment route through its correspondent account opened with NSD.