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NSD Develops Settlement Services

21 December 2015

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National Settlement Depository (NSD), Russia’s central securities depository, has started applying the electronic matching procedure for all counterparties' potential counter clearing and settlement instructions for OTC securities trades (starting as of 21 December 2015). Previously, this service was optional for the NSD clients.

The electronic matching service allows NSD to more quickly identify potential discrepancies in the counterparties’ counter instructions on trades; this significantly reduces non-performance risk.

About electronic matching

Electronic matching is the popular and widely used service on international markets. When trade participants make a transaction on the OTC market, and their instructions do not match (for example, having different settlement dates or wrong transaction sums), they have to spend time searching through the large volume of counter instructions, communicate directly and correct the parameters of each trade manually.

Once the electronic matching service has been launched, NSD clients will be able to mitigate the risk of non-performance of settlements due to the reduced time required for searching and correcting counter instructions with the wrong parameters.

More information about the electronic matching service is available on the NSD website.

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By filling out this form and clicking the "Ask question" button, in accordance with paragraph 4 of Article 9 of Federal Law No. 152-FZ dated 27 July 2006 "On Personal Data", I give my consent to National Settlement Depository (NSD, address: 12 Spartakovskaya Street, 105066 Moscow, hereinafter referred to as the "Data Controller") to the processing (i.e., any operation(s) involving the use of automation tools, including collection, recording, arrangement, accumulation, storage, updating, retrieval, use, transfer (including cross-border transfer), depersonalization, blocking, deletion, and destruction) of the following personal data: full name, email address, employer (if any), job title (if any), and telephone number (if any), for the purposes of inquiries, telephone consultations, surveys, advertising or marketing researches (including those conducted by email), or mailings (including advertisements) (the "Service"), as well as the consent to the authorization by the Data Controller of further processing of that personal data by third parties for the purposes of providing the Service to me.

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