NDC acts as the settlement depository and provides settlement services to Russia’s major marketplaces - Moscow Interbank Currency Exchange (MICEX), MICEX Stock Exchange (MICEX SE), Saint Petersburg Currency Exchange (SPCEX) and Siberian Interbank Currency Exchange (SICEX).

NDC services about 100% of trades on corporate and regional bonds market and 99% of exchange trades with shares of Russian issuers.

Settlement of trades is done at the end of trading and clearing sessions: trading system submits to NDC information on trading participants’ net obligations and claims for processing.

NDC delivers an entire range of securities settlement and safekeeping services for securities listed on stock exchanges. The relevant information is exchanged with the MICEX and the MICEX Stock Exchange in real time, which means that securities credited to a trading sub-account of a securities account with NDC are immediately available for trading. NDC clients are able to promptly trade securities, listed on stock exchanges, transfer securities from one trading system to another.

Printed version