OREANDA-NEWS. October 3, 2012. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces that starting 1 October it took over Depository Clearing Company (DCC) and RTS Settlement Chamber functions related to cash and securities settlements for all on-exchange markets of Moscow Exchange.

Eddie Astanin, Chairman of the Executive Board, NSD, said: “We completed an important stage of integration of NSD, DCC and RTS Settlement Chamber in compliance with our integration concept. In line with this concept we timely and successfully took over all DCC’s and RTS Settlement Chamber’s functions in all exchange segments of the integrated Moscow Exchange. We followed a principle of respecting the interests of these companies’ customers and minimizing the technological changes in interactions with clients and contractors.”

Cash settlements on transactions concluded in the STANDARD sector of the Stock market now are conducted using trading accounts opened with NSD. Since 1 October the clients’ accounts opened with RTS Settlement Chamber for settlements on transactions in the STANDARD sector are not used for this purpose.

More information about settlement services and opening trading accounts is available at NSD’s web site (in Russian).

Moscow Exchange is the largest Russian exchange both in terms of turnover and the extensive client base. The main goal of the exchange is to provide Russian and foreign market participants and investors with a safe and effective access to the booming Russian market. Moscow Exchange offers accessible technology, sound clearing and guarantee functions and flexible operational structures. All innovations and new technologies and services are aimed at bringing reliability and safety to the market which strives to achieve the status of an internationally competitive market through improved efficiency of the market infrastructure, product diversity and liquidity.

Moscow Exchange plays today a key role in the development of the Russian financial sector. The Exchange provides a transparent process for determining fair market values of Russian assets. We offer a full range of competitive trading and post trading services. Moscow Exchange provides a wide range of opportunities to investors, professional institutions and their Russian and foreign clients for equities, bonds, currencies as well as derivatives trading. Moscow Exchange’s market data is accessible worldwide through a range of all major vendor distribution channels.

In our business activity we strive to build open trust-based relations with all our counteragents.  Those include global investment banks, international brokerage houses, leading financial corporations, private traders. The presence of all categories of market participants on Moscow Exchange proves the high quality of the offered services and contributes to continuous financial and economical growth of Russia.

Moscow Exchange came to existence in December 2011 after the merger of two main Russian exchanges, MICEX and RTS.  The Exchange provides a wide range of opportunities to investors, professional institutions and their Russian and foreign clients for equities, bonds, currencies as well as derivatives trading. OJSC Moscow Exchange and CJSC MICEX Stock Exchange act as organizers of trading in the Group. National Settlement Depository, CJSC Depository Clearing Company (DCC) and RTS Settlement Chamber provide settlement and depository services. RTS Clearing Center and National Clearing Center are responsible for clearing.