OREANDA-NEWS. August 11, 2008. The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of securities issued by Russian issuers, reported today that on Wednesday, Aug. 6, it registered 29 gross settlement transactions with a value of RUR1.706 billion, a single-day record. Of the 29 deals, 26 were repo transactions with T+1 day and T+14 day terms, while the remainder  represented negotiated deals.

Since 17 March, 2008, MICEX has offered a new service allowing transactions to be conducted and obligations fulfilled on gross settlement transactions through Delivery vs Payment (DVP) settlements in real time. This means that traders can now make settlements during the trading session.

Wednesday's transactions were conducted by 10 clearing members and involved six financial instruments.