OREANDA-NEWS. During 2015 National Settlement Depository (NSD), Russia’s central securities depository, received a Quality Recognition Award from J.P.Morgan. This is awarded to selected banks that process USD payments with high Straight-through processing (STP) quality.  In the Russian market, NSD is one of the banks that received this award from J.P. Morgan for this type of activity.

In 2015, 99.997% of the payments NSD processed with J.P. Morgan were executed electronically without manual intervention.  In 2015, NSD achieved this high STP rate by grouping clients into segments automatically and by forming the respective messages when paying yields on securities.