NSD develops settlement services 22 December 2015Moscow Reporter: Becky Butcher
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The National Settlement Depository (NSD), Russia’s central securities depository, has started applying the electronic matching procedure for all counterparties’ potential counter clearing and settlement instructions for OTC securities trades.
Previously the service was optional for the NSD clients.
The electronic matching service allows NSD to efficiently identify potential discrepancies in the counterparties’ counter instructions on trades, which means it can significantly reduce non-performance risk.
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