The main aim of the National Clearing Centre (NCC) as clearing organization and central counterparty is to secure the business continuity of the financial market infrastructure and the reliability of trades conclusion by its members. In the face of new challenges, the National Clearing Centre will continue to provide all services to the customers.
Clearing and settlements on the Moscow Exchange on-exchange markets will be executed in accordance with the usual regulations, taking into account the following changes:
From 06.06.2022, operations through clearing banking accounts opened with National Settlement Depository (NSD) in Russian rubles still will be available for the Clearing members. Clearing banking accounts in other currencies are eliminated to use.
Simultaneously, from 06.06.2022, the National Clearing Centre closes Collateral Accounts T0 in foreign currencies opened to trading bank accounts in NSD.
The opening of new Collateral Accounts T0 in foreign currencies for the Clearing members is not performed.
From 07.06.2022, Common European Currency (euro) is not accepted as contributions to Default Funds, Collateral for Stress, Concentration Risk Mitigation Collateral, into asset pools.
At the same time, the possibility of posting Collateral in euros and other foreign currencies remains.
Information of correspondent accounts for posting collateral in foreign currency opened by NCC in Settlement Banks and their details is available on the NCC website at link NCC | Accounts details (nationalclearingcentre.com)
