MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Non-Banking Credit Organization Settlement Chamber RTS (Settlement Chamber RTS) announce a launch of settlements held by Settlement Chamber RTS via its correspondent account opened with NSD. The service is focused on an instant transfer of funds between NSD and Settlement Chamber RTS without using any external correspondent accounts. This will allow clients’ cost reduction for settlement servicing.
An NSD client, to conduct a wire transfer in favor of Settlement Chamber RTS should submit settlement instruction to NSD via Electronic Settlements System, Internet Bank-Client system or Intranet Bank-Client system as internal ruble transfer.
The rules of drawing up payment orders by the clients of Settlement Chamber RTS remain the same as usual. Settlement Chamber RTS at its own discretion will apply payment route through its correspondent account opened with NSD.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910,
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About Settlement Chamber RTS
Non-Banking Credit Organization Settlement Chamber RTS conducts money settlements in the stock market and other segments of financial markets. Settlement Chamber RTS's activities meet the highest technological requirements. It was founded in 1999 by the Professional Association of Securities Market Participants (PAUFOR) at the initiative and in the interests of market participants. Settlement Chamber RTS has right to conduct banking operations in rubles and foreign currency in compliance with the banking license #3335-K issued by the Bank of Russia on 31 December, 2010. Settlement Chamber RTS's mission is to provide services to MICEX-RTS Group's clients operating in stock market, derivatives market, RTS Board, and RTS Money foreign exchange market.
Settlement Chamber RTSis a participant of the Bank of Russia's Banking Electronic Speedy Payments (BESP) system.
More information about Settlement Chamber RTSis available at http://www.rts.ru/s427, tel. +7 495 705 9031, e-mail: