NSD launches settlement risk mitigation technology
10 September 2015 Moscow
Image: Shutterstock
Russia’s central securities depository, the National Settlement Depository (NSD), has implemented back-to-back settlements technology for off-exchange delivery-versus-payment transactions.
Back-to-back settlements will help mitigate the risk of settlement failure by netting parties’ liabilities within a general pool of instructions.
This will help to settle instructions that could not be settled individually due to the lack of assets required for execution of them at the beginning of a clearing session.
Securities will be denominated in Russian rubles, US dollars, euro and Chinese yuen.
NSD’s standard clearing service fees are applicable with this technology and there is no sign up required, according to NSD.
The NSD system will automatically detect the possibility of conducting settlements using this algorithm.
Back-to-back settlements will help mitigate the risk of settlement failure by netting parties’ liabilities within a general pool of instructions.
This will help to settle instructions that could not be settled individually due to the lack of assets required for execution of them at the beginning of a clearing session.
Securities will be denominated in Russian rubles, US dollars, euro and Chinese yuen.
NSD’s standard clearing service fees are applicable with this technology and there is no sign up required, according to NSD.
The NSD system will automatically detect the possibility of conducting settlements using this algorithm.
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