Ref. No. 47-20/4079 dated 6 June 2018
Attn.: NSD's clients
This is an update to communication No. ША-20/6904 dated 12 October 2017. Please be advised that on 11 June 2018 NSD will be providing depository and bank services as usual, without accepting hard copy documents at NSD's offices, and subject to the specific rules set forth by the Bank of Russia for money transfers in the Bank of Russia's Payment System. No foreign exchange transactions will be processed on the said date.
On the said date, collateral management services will be provided also as usual, subject to the specific requirements set forth by Moscow Exchange with respect to the method of determination of settlement prices to be used in the following trades: "Repo with the Bank of Russia: Repo Auction" and "Repo with the Bank of Russia: Fixed Rate". For the purposes of securities allocation and mark-to-market valuation in Bank of Russia's repo trades on 11 June 2018, settlement prices determined at the close of trading on 8 June 2018 will be used.
Please note that margins for Russian Federal Treasury's repo trades will be calculated as usual. Please make sure that you have necessary securities available for execution of such repo trades.
Transactions that require interaction with external counterparties will be executed subject to such counterparties’ operating hours.
12 June 2018 will be a non-business day.
In case of any question related to this communication, you may contact your account managers at +7 495 956-27-90 or +7 495 956-27-91.