Ref. No. 03-20/9906 dated 27 December 2016
Attn.: NSD's clients
This is an update to the communication dated 26 October 2016. Please be advised that National Settlement Depository (NSD) will be operating over the New Year period as follows:
30 December 2016: NSD will be providing depository and settlement services as usual. However, bank account statements for any transactions made on that date will be issued on 3 January 2017.
3-6 January 2017: NSD will be providing depository and settlement 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 settlement services. No foreign exchange transactions will be processed.
Collateral management services will be provided also as usual, subject to:
- 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";
- specific requirements set forth by the Russian Federal Treasury in the Parameters of Selection of Credit Organizations' Repo Contract Applications, including the collateral requirements.
Transactions that require interaction with external counterparties will be executed subject to such counterparties’ operating hours.
31 December 2016, 1, 2, 7, and 8 January 2017 will be non-business days.
In case of any question related to this communication, you may contact your account managers at: +7 495 956-27-90, +7 495 956-27-91 or NSD's regional representatives.