NSD fee approval to assist foreign entities 20 June 2014Moscow Reporter: Catherine Van de Stouwe
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The supervisory board for Russia’s National Settlement Depository (NSD) has approved fees for a new service that will assist foreign entities.
The fees have been approved for the provision of assistance in the preparation of documents for entities that are potential clients for NSD for the launch in July.
The board also approved a new catalogue of fees for settlement services where the NSD cancelled rates fixed in different currencies and merged all transfers into two groups; transfers to accounts opened with NSD and transfers to accounts opened with other financial organisations.
The upgraded catalogue of fees will go live on the company’s website once approval has been given by the Bank of Russia.
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