NSD Implements Back-to-Back Securities Settlement Technology

10 September 2015

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National Settlement Depository (NSD), Russia's central securities depository, announces its implementation of the back-to-back settlements technology for off-exchange DVP transactions (in Russian rubles, USD, Euro, or CNY) with securities.

Back-to-back settlements allow for mitigation of settlement failure risk by means of netting the parties’ liabilities within a general pool of instructions to settle the instructions that could not be settled individually due to the lack of assets required for execution of such instructions at the beginning of a clearing session.

NSD’s standard clearing service fees are applicable with this technology. There is no need to sign up for this service, the NSD system automatically detects the possibility of conducting settlements using this algorithm.*

* — More information about the service is available at the company’s 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.

This consent is valid from the date of acceptance by me of the terms and conditions of the Service until the time when I cancel my subscription to the Service or revoke this consent by giving notice in writing to the Data Controller at its address.

NSD Implements Back-to-Back Securities Settlement Technology

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