AO UniCredit Bank
Summary:
NCC has introduced an additional clearing session on the Moscow Exchange.
Tue, 27/05/2014
Dear Client,
The National Clearing Centre (NCC), clearing house of the Moscow Exchange, has announced the launching of an additional clearing session at 16:00 Moscow Time, starting from 9 June 2014.
The National Settlement Depository will settle on-exchange trades based on the NCC Orders twice a day - at 16:00 and 19:00 local time. As a result, securities settled at 16:00 will be available for withdrawal after 17:00 and may be used for OTC settlement during the late OTC clearing sessions on the same day.
Impact on investors: Increasing the NCC clearing sessions trading possibilities for market participants and investors.