Starting from May 21, 2012 trades executed in the Standard sector of the Exchange’s Securities market will be settled using trading sections typed “Blocked for clearing. RTS Standard” of the securities accounts opened with National Settlement Depository (NSD).
DCC will continue to perform functions as the settlement depository for a while, including registering securities deposited as collateral assets.
The move represents the next stage in integrating National Settlement Depository and DCC implying planned migration of all settlement functions to NSD.
In March 2012, NSD’s participants were permitted to set up sections with the following types: “Blocked for clearing. FORTS” and “Blocked for clearing. RTS STANDARD”.
For any questions regarding settlement through NSD, please contact:
- personal managers in NSD for opening trading sections;
- Irina Antipova, Irina Zhigunova, Svetlana Vasilieva and Irina Chaptykova in RTS Clearing Center for registering trading sections for settlement at
+7 (495) 363-32-32, ext 26090, 26094, 26095, 26038.
The MICEX-RTS Group is the Russia’s integrated exchange business based on the comprehensive trading and settlement infrastructure that provides a wide range of opportunities to Russian and foreign investors for equities, bonds, currencies as well as derivatives trading. OJSC MICEX-RTS and CJSC MICEX Stock Exchange act as trading organizers within the Group. National Settlement Depository, CJSC Depository Clearing Company and RTS Settlement Chamber provide settlement and depository services. CJSC RTS Clearing Center and CJSC National Clearing Center render clearing services.
Trading on the securities market of the MICEX-RTS Group is held in the following sectors: Main market, Standard sector and Classica sector. Trading in derivatives instruments is carried out on the FORTS Derivatives market (for futures and options on equities, bonds, currency and commodities) and MICEX Derivatives market (for futures on currency and interest rates). The Money market consists of two sections; one is for government securities repo operations and money market instruments and the other is for repo operations in equities and bonds.
The MICES Index and RTS Index, the main benchmarks of the Russian stock market, are calculated on the basis of securities prices formed in the order books of the MICEX-RTS Securities market. The indices are calculated continuously from 10.00am MSK to 11.50pm MSK. The MICEX-RTS sector indices have been transformed into a single product line with unified calculation procedures and securities baskets.
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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Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.