NSD Starts OTC DVP Settlement In Chinese Yuans

AO UniCredit Bank
Summary: 
NSD launches settlement of OTC trades on a DVP basis in Chinese yuans (CNY).
Tue, 18/11/2014

The National Settlement Depository (NSD) has announced launching settlement of OTC trades on a DVP basis in CNY via cash accounts opened with NSD starting from November 24, 2014. OTC DVP and RVP trades concluded in CNY will be settled during 8 clearing sessions run by NSD 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 (MT). OTC DVP service with cash settlements within NSD will therefore be available in Russian rubles, US dollars, Euros and Chinese yuans starting from November 24, 2014.

Impact on investors: Widening the selection of currencies in which OTC DVP trades can be concluded extends the trading possibilities of market participants.