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  4. Collateral operations
Collateral operations

Posting Collateral

Transfer cash funds to NCC accounts with the Settlement Account indication

Submission of the instruction in respect of NSD to credit, select securities

Collateral transfer

Transfer of cash funds between Settlement Accounts via trading system or via Clearing terminal

Securities transfer between TA T0 and TA T+

Collateral return

Return of cash funds and standing instructions to execute return

Return of securities to 31st sections, instructions in respect of NSD

Account details

Collateral in foreign currency

According to the Clearing Rules status of the Collateral in foregin currency is defined by accounts, designed for Collateral posting:

  • Collateral in foreign currency, which is individual clearing collateral, is posted to NCC clearing banking account, opened with NSD. Balance acconts #30420 are opened to the Clearing Member for recording individual clearing collateral in the internal recording system of NCC
  • Collateral in foreign currency, which is the other collateral, is posted to NCC correspondent accounts, opened with foreign correspondent banks. Balance accoounts #47405 are opened to Clearing Member for recording the other collateral in the internal recording system of NCC

By default Clearing Members on the Derivatives market post Collateral in US dollars and euro to NCC accounts with NSD but to credit US dollars and euro faster NCC correspondent accounts with foreign settlement banks can be used.

In order to do this the Clearing Member shall provide NCC with the Application for changing status of the Collateral in foreign currency. On the basis of such application status of the Collateral in foreign currency will be changed from individual clearing collateral to the other collateral. NCC opens for the Clearing Member balance accounts #47405, funds from balance accounts #30420 will be transferred to accounts #47405, accounts #30420 will be closed.

After such application is provided to NCC, Clearing Members must post Collateral in US dollars and euro to relevant NCC correspondent accounts with foreign settlement banks and do not use NCC accounts with the NSD for crediting cash funds in foreign currency.

  Status of Collateral is changed to the other type through all Settlement Accounts on the Derivatives market at the same time, including proprietary, client and trust ones. Change of the Collateral status from the other one to the individual clearing collateral is impossible.