OREANDA-NEWS. On 15 April 2008 was announced, that JSC "DCC" and RTS Settlement Chamber start to settle DVP trades in RF rubles (DVP in rubles). This service is based on the same technology that is currently implemented in settlement of DVP trades in US dollars. On June 30th, 2008 the new technology is to replace the technology DVP that has been used since 1999 by NP RTS.

These changes are aimed at creation of the unified DVP technology with settlement in RF rubles and US dollars allowing:

Depositors to obtain the opportunity of settlement DVP trades in rubles using major securities accounts in DCC;

DVP trades with settlement in rubles and dollars to be settled during the same clearing session;

A wider range of final investors, including asset management companies, insurance companies and foreign institutional investors, to gain access to DVP technology with settlement in rubles via DCC.

Up to and including June 27th, 2008 JSC "DCC" and NP RTS will maintain both technologies.

On June 30th, 2008 settlement of all DVP trades in rubles will be switched to the new unified technology.

Such switch will allow a considerable increase in the share of DVP trades and a decrease in risks related to counterparty crediting in connection with settlement of trades via technology "free delivery".

The technology will be available to the participants that concluded an Agreement on clearing services with DCC and opened (a) new account(s) in the RTS Settlement Chamber.