Mon, 04/05/2015
Transactions in Russian securities on DVP basis can now be settled using CBR correspondent accounts. By Ekaterina Konovalova, Relationship Manager Russia
The new service, launched at the end of March, expands a range of settlements available for NSD’s clients and combines the advantages of reliable DVP settlements with flexible cash management. It also allows the execution of settlements between NSD clients’ accounts opened with Bank of Russia (CBR) or between two accounts, one of which with CBR and another one with NSD.
DVP Settlements via BESP are performed from 9:00 a.m. to 7:30 p.m. MSK.