National Settlement Depository (NSD), Russia’s central securities depository, has launched a linked transactions service.
The service allows customers to efficiently manage their assets by creating a pool of linked instructions to be executed consecutively in accordance with specific conditions.
A group of instructions is consolidated into a pool with an assigned number and a special feature – a pool type. NSD clients can use two types of pools: Delivery Contingent on Receipt (DCR) and Receipt Contingent on Delivery (RCD). The number of instructions which may be added to the pool is unlimited.
A key goal of a DCR pool is to use securities received as a result of executing certain instructions to receive securities for executing certain instructions to deliver securities. An RCD pool is designed to use cash received as a result of executing certain DVP instructions for certain RVP instructions.
No sign up is required for the service, and users do not need to open special securities sub-accounts. The fee for this service is RUB 40.