NSD’s Operating Hours over the Public Holiday Periods in 2019

12 April 2019
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Ref. No. 47-20/2370 dated 12 April 2019

Attn.: NSD's clients,
NSD Payment System participants

This is an update to communication ША-20/7125 dated 4 October 2018.

Please be advised that on 2-3 May 2019 and 10 May 2019 NSD will be providing depository and bank services (including NSD Payment System services) as usual, subject to the specific rules set forth by the Bank of Russia for money transfers in the Bank of Russia's Payment System. NSD will not accept hard copy documents at NSD's offices or untyped files via EDI System. No foreign exchange transactions will be processed on the said dates.

Bank statements for 30 April 2019 will be provided on 2 May 2019, for 8 May 2019 – on 10 May 2019.

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 2-3 and 10 May 2019 are public holidays in the Russian Federation, delays are possible in such services provided by NSD on those dates.

On the said dates, collateral management services will be provided subject to:

  • the schedule for Bank of Russia's repo trades in the exchange and OTC markets on 2-3 May 2019 and 10 May 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.

1 and 9 May 2019 will be non-business days.

In case of any questions related to this communication, you may contact your account managers at +7 495 956-27-90 or +7 495 956-27-91.

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