NSD to Settle RTS Money Transactions
OREANDA-NEWS. January 25, 2012. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that starting 13 February it launches settlements on transactions concluded within the RTS Money system using bank accounts opened with NSD by the RTS Money participants and their clients. This project is implemented in line with two exchange groups' integration.
RTS Money is a new service for execution of FX trades using a single trading platform on which FORTS and RTS Standard operate. At present the settlements on the transactions are held using ruble and foreign currency accounts opened with the Settlement Chamber RTS. Since the moment of launching settlements using NSD, the accounts opened with the Settlement Chamber RTS shall not be used for settlements on RTS Money transactions.
More information about services provided within the framework of the RTS Money is available at http://www.rts.ru/s597
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910, pr@ndc.ru
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About Settlement Chamber RTS
Non-Banking Credit Organization Settlement Chamber RTS conducts money settlements in the stock market and other segments of financial markets. Settlement Chamber RTS's activities meet the highest technological requirements. It was founded in 1999 by the Professional Association of Securities Market Participants (PAUFOR) at the initiative and in the interests of market participants. Settlement Chamber RTS has right to conduct banking operations in rubles and foreign currency in compliance with the banking license #3335-K issued by the Bank of Russia on 31 December, 2010. Settlement Chamber RTS's mission is to provide services to MICEX-RTS Group's clients operating in stock market, derivatives market, RTS Board and RTS Money.
Settlement Chamber RTS is a participant of the Bank of Russia's Banking Electronic Speedy Payments (BESP) system.
More information about Settlement Chamber RTS is available at http://www.rts.ru/s427, tel. +7 495 705 9031, e-mail: gruz@rts.ru
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