The Russian CSD, National Settlement Depository (NSD), has announced launching an extra clearing session at 18:45 pm (MSK) starting from November 17, 2014. As a result, securities settled within the additional OTC clearing session may be transferred to the designated account for on-exchange trading and settled during the last clearing session for on-exchange trades at 19:00 pm Moscow time conducted by the National Clearing Centre (NCC) the same day.
OTC DVP and RVP trades will be settled during 8 clearing sessions running at 10:00 am, 12:00 pm, 13.00 pm, 15.00 pm, 16.00 pm, 18.00 pm, 18:45 pm and 19.40 pm (Moscow time) for settlement using cash accounts opened with NSD and 5 clearing sessions - at 10.00 am, 13.00 pm, 15.00 pm, 18:00 pm and 18.45 pm (Moscow time) for cash accounts opened with the USD settlement banks.
Impact on investors: Extension of NSD clearing sessions increases trading possibilities of market participants and investors.