Foreign exchange services

NSD offers its clients services to buy and sell foreign currencies, as well as foreign exchange transfer services. For the detailed description of the rules that govern this type of transactions, please refer to NSD's Terms and Conditions of Bank Account Services available here.

  1. Foreign exchange transactions are available for the following currency pairs:
    • RUB — USD
    • RUB — EUR
    • USD — EUR
    • CNY — RUB
    • GBP — RUB
    • CHF — RUB
    • HKD — RUB

      Exchange rates for the above currency pairs are determined by ensuring that NSD's ask and bid prices reflect the changed environment in the forex market operated by Moscow Exchange. Other factors that affect exchange rates are transaction volume and settlement date (TOD, TOM or T+2).

  2. Foreign exchange transactions are available for the following currency pairs:
    • CNY — USD
    • CNY — EUR
    • GBP — USD
    • GBP — EUR
    • CHF — USD
    • CHF — EUR
    • HKD — USD
    • HKD — EUR

      Exchange rates for the above currency pairs are determined by ensuring that NSD's ask and bid prices reflect the changed environment in global forex markets, and include the following margin:
    • 3% for a transaction volume equivalent to up to USD 9,999.99;
    • 1.5% for a transaction volume equivalent to USD 10,000.00 up to USD 99,999.99; and
    • 1% for a transaction volume equivalent to USD 100,000.00 or more.

The settlement date for a foreign exchange transaction for the currency pairs listed in item 2 is T+4.

To transfer (receive) income from securities or securities redemption proceeds (collectively, "payments") in a currency different from the payment currency, a client may apply for registration of the details of its USD or EUR account held with NSD. Information regarding the registration of bank account details is available in the User Manual for Registration of Bank Account Details. In this case, income from securities or securities redemption proceeds will be converted into the account currency (either USD or EUR) at NSD's exchange rate. No fee is charged for conversion. The settlement date for conversion is T+4.

To process payments that require conversion using any currency pair other than those listed in item 1 or 2 above, the applicable exchange rate for that currency pair is determined by ensuring that NSD's ask and bid prices reflect the changed environment in global forex markets, and includes the following margin:

  • 3% for a transaction volume equivalent to up to USD 9,999.99;
  • 1.5% for a transaction volume equivalent to USD 10,000.00 up to USD 99,999.99; and
  • 1% for a transaction volume equivalent to USD 100,000.00 or more.

No extra fee is charged for conversion.

Benefits of NSD's Foreign Exchange Services

  • A foreign currency may be bought/sold either for Russian rubles or for another foreign currency
  • A foreign exchange instruction may be given in electronic format
  • Foreign exchange transactions may be processed in real time in accordance with the applicable regulations
  • Flexible exchange rates
  • Money transfers are available in a currency different from the currency of the account to be credited or debited
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