ING Group in Russia / ING Commercial Banking / Products & Services For Corporates / Custody Services / Enhanced Speedy Settlement Scheme
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Enhanced Speedy Settlement Scheme

In January 2009 ING Commercial Banking (legal name “ING BANK (EURASIA) ZAO”) and Closed Joint-Stock Company "Depository Clearing Company" (“DCC”) released Enhanced Speedy Settlement Scheme (“ESSS”).

The jointly developed scheme reduces time required for transferring securities as well as optimises the settlement process for deals made between clients of DCC and ING.

ESSS enables custody clients to speed up shares settlement for more than 644 Russian issuers. Settlement efficiency can be increased for both: counterparty transactions and client’s own NCBO transactions. The developed scheme also facilitates effective interaction between the local and the international markets accelerating the process of issuance and cancellation of depository receipts on shares of Russian issuers.

The list of securities eligible for settlement via ESSS scheme

ESSS procedure in pdf

Information about ESSS scheme is also available on DCC’s web site.

For more information please contact:

ING Commercial Banking

Securities Settlements

Ms. Olga Pissarenko

Ò +7 495 786 3857

E Olga.Pissarenko@ingbank.com

DCC

Client services department

Mr. Sergey Aristov

Ò +7 495 956 0999

E Sergey.Aristov@dcc.ru

 


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