NSD Will Offer Opportunity to Deposit Securities as Collateral
OREANDA-NEWS. July 06, 2012. Starting from July 02, 2012 National Settlement Depository (NSD) will start to accept securities as collateral to deposit them in the NSD"s securities account sections “Blocked for clearing. FORTS”. The service will be provided for participants of the FORTS Derivatives market and Standard sector.
The opportunity to register securities deposited as collateral in the relevant securities account sections of DCC will be available for a while.
The project has been implemented within the framework of the integration process between NSD and DCC. In March 2012, NSD's depositors were permitted to set up sections with the following types: “Blocked for clearing. FORTS” and “Blocked for clearing. RTS STANDARD”. And in May 2012 trades executed in the Standard sector started to be settled using trading sections typed “Blocked for clearing. RTS Standard”of the securities accounts opened with NSD.
For any questions regarding settlement through NSD, please contact:
personal managers in NSD for opening trading sections;
Irina Antipova, Irina Zhigunova, Svetlana Vasilieva and Irina Chaptykova in
+7 (495) 363-32-32, ext 26090, 26094, 26095, 26038.
The MICEX-RTS Group is the Russia's integrated exchange business based on the comprehensive trading and settlement infrastructure that provides a wide range of opportunities to Russian and foreign investors for equities, bonds, currencies as well as derivatives trading. OJSC MICEX-RTS and CJSC MICEX Stock Exchange act as trading organizers within the Group. National Settlement Depository, CJSC Depository Clearing Company and RTS Settlement Chamber provide settlement and depository services.
Trading on the securities market of the MICEX-RTS Group is held in the following sectors: Main market, Standard sector and Classica sector. Trading in derivatives instruments is carried out on the FORTS Derivatives market (for futures and options on equities, bonds, currency and commodities) and MICEX Derivatives market (for futures on currency and interest rates). The Money market consists of two sections; one is for government securities repo operations and money market instruments and the other is for repo operations in equities and bonds.
The MICES Index and RTS Index, the main benchmarks of the Russian stock market, are calculated on the basis of securities prices formed in the order books of the MICEX-RTS Securities market. The indices are calculated continuously from 10.00am MSK to 11.50pm MSK. The MICEX-RTS sector indices have been transformed into a single product line with unified calculation procedures and securities baskets.
National Settlement Depository (NSD) is the largest settlement depository in
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
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