In compliance with the applicable foreign exchange laws, NSD controls and records foreign currency transactions (in particular, payments of income from securities and settlement of securities transactions) made by Russian residents or non-residents through accounts held by them with NSD.
Payment documents to be submitted by Russian residents or non-residents to NSD in connection with their foreign currency transactions must be issued in accordance with the requirements of forex legislation.
In accordance with paragraph 4 of Article 23 of Federal Law No. 173-FZ dated 10 December 2003, NSD may, for the purposes of foreign exchange control, request necessary documents relating to foreign currency transactions from Russian residents or non-residents.
For more information regarding the role of NSD as a foreign exchange control agent, please refer to the Terms and Conditions of Bank Account Services.
Submission of Documents
As required by paragraph 5 of Article 23 of Federal Law No. 173-FZ dated 10 December 2003, any documents submitted to NSD must be valid as at the date of their submission. If so requested by NSD, documents issued, either in full or in part, in a foreign language must be accompanied by their duly certified translation into Russian.
Documents to be submitted to NSD must be either originals or duly certified copies.
For the purposes of payment of income from securities or settlement of securities transactions, Russian residents (other than credit institutions) are required to submit documents referred to in the List.
Clients and NSD may exchange documents relating to foreign currency transactions via NSD's Electronic Data Interchange (EDI) System. For data interchange, the NSD EDI System’s Local Interface (LUCH software) is used. Its installation package and installation and setup instructions, as well as the User Manual are available here. Electronic data interchange implies transmission (receipt) of transit untyped electronic documents using the 'open envelope' schema in accordance with the NSD EDI System’s Local Interface User Manual (for LUCH software). When sending documents, the following depository code (ID) of NSD's Foreign Exchange Control Unit must be indicated: NDC000DDR000.