Ref. 47-20/9207 dated 24 December 2018
Attn.: NSD's clients,
NSD Payment System participants
This is an update to the communication dated 5 October 2018. Please be advised that NSD, including the NSD Payment System, will be operating over the New Year period as follows:
29 December 2018: NSD will be providing depository and bank account services (including in the NSD Payment System) as usual. Bank account statements for any transactions made on that date will be issued on 29 December 2018 to those clients who receive statements via SWIFT or by e-mail.
30 and 31 December 2018, 1-2 and 5-7 January 2019 will be non-business days for NSD, and NSD will not accept money transfer orders from clients (including NSD Payment System participants) on those dates.
31 December 2018 will be an operational day to finalize foreign securities settlements on a DVP or FOP basis. Statements for those securities transactions, as well as statements (Forms IS401 and IS411) in response to information requests, will be sent on 31 December 2018.
31 December 2018, from 10.00 am to 2.00 pm: access will be open to the remote banking systems for the purpose of receiving statements for 29 and 30 December 2018 only (no bank account transactions will be available).
Account transactions made on 30 and 31 December 2018 will be reflected in clients' bank accounts on those days.
Bank account statements for 31 December 2018 will be issued on 3 January 2019.
3, 4 and 8 January 2019: NSD will be providing depository and bank account services (including in the NSD Payment System) without accepting hard copy documents at NSD's offices and without accepting untyped files via the EDI System, 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.
No services to support securities holders in exercising their rights attached to Russian or foreign securities (such as providing information on, and assisting in participating in, corporate actions) will be provided, save for the provision, in a standby mode, of information on corporate actions involving foreign securities, as well as on certain money/securities debit/credit transactions as part of corporate actions. Given that 3, 4 and 8 January 2019 are public holidays in the Russian Federation, delays are possible in such services provided by NSD on those dates.
Collateral management services will be provided on those dates as usual, subject to:
- the schedule for Bank of Russia's repo trades in the exchange and OTC markets on 29 December 2018 and 3, 4 and 8 January 2019, and 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"; and
- specific requirements set forth by the Russian Federal Treasury, including the collateral requirements.
Transactions that require interaction with external counterparties will be executed subject to such counterparties’ operating hours.
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.