NSD Is Sole Settlement Depository for Standard and FORTS
OREANDA-NEWS. September 6, 2012. From September 3, 2012 CJSC Depository Clearing Company (DCC) will stop settlement of trades executed in the Standard sector as well as it will cease accepting securities posted as collateral for trades in the Standard sector and FORTS Derivatives market. Thereby National Settlement Depository (NSD) will become the single settlement depository for the Standard sector and FORTS Derivatives market. The move has been implemented within the framework of the integration between NSD and DCC.
In May 2012 NSD started securities settlement of trades executed in the Standard sector using trading sections typed "Blocked for clearing. RTS Standard" and in July 2012 it commenced accepting securities as collateral using sections typed "Blocked for clearing. FORTS".
For any questions regarding settlement through NSD, please contact:
personal managers in NSD for opening trading sections;
Irina Antipova, Irina Zhigunova and Svetlana Vasilieva in RTS Clearing Center for registering trading sections for settlement at
+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. CJSC RTS Clearing Center and CJSC National Clearing Center render clearing 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 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.
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