DCC Stops Providing Services as Authorized Holder
OREANDA-NEWS. November 23, 2012. Please be informed herewith that, with effect from December 1, 2012, Depository Clearing Company (DCC) stops acting as an authorized holder to allow participating in trades via the following sub-accounts with DCC:
MICEX sub-accounts (Main Market section) and MISTA sub-accounts (Standard section) for Moscow Exchange Securities Market;
SPNDC sub-accounts – for SPCEX.
In this connection MICEX, MISTA and SPNDC sub-accounts and MICOL subaccounts (used for collateral on the FORTS market and Standard section) will not be trading sub-accounts and will be equal to NDCCL sub-accounts used for recording of securities on sub-accounts Participant's main account at DCC.
Please see the information on transactions through these sub-accounts in the Specification of Depository Transactions Performed via the Interdepository Link with National Settlement Depository, which becomes efective on December 01, 2012.
Specification of Depository Transactions on Trading Sub-accounts of Participants' Securities Accounts Designated for the Settlement of Trades on the Standard Sector of ZAO MICEX Stock Exchange and on Sub-accounts of Participants' Accounts Designated for the Accounting of Securities Accepted as Collateral in Accordance with the Clearing Rules of the Celaring Organization which has Entered in a Respective Agreement with NSD, Settled through the Interdepository Link with NSD ceases to be in force with effect from December 01, 2012.
Participants are recommended to close MICEX, MISTA, SPNDC and MICOL sub-accounts after securities are transferred from these sub-accounts to securities acounts with NSD.
Please be reminded that DCC charges a reduced fee of RUB75 (exclusive of VAT) per instruction for securities withdrawal to NSD from November 01 to December 29, 2012.
Shall any questions relating to this message arise, feel free to contact your account manager at DCC.
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