Request for depositing service allows to define cash funds in the particular currency / amount of precious metals that shall be remained as the Collateral when NCC fulfills the following:
Request for collateral return ("RURRETURN" и "CURRETURN") in the amount of whole available cash funds sum;
Standing Instruction to return collateral ("RQ_SETRET") in the amount of whole available cash funds sum.
In order to use this service Clearing Member can submit via the WEB-clearing or EDI the following requests:
Request for depositing (CURDEPOSIT);
Depositing Standing Instruction (CURRDEPORD);
Request for cancellation of the Depositing Standing Instruction (CURRDEPDEL).
Formats of the CURDEPOSIT, CURRDEPORD, CURRDEPDEL requests, forwarded by the Clearing Member towards the NCC via EDI or via WEB-clearing are defined in the in the Forms and formats of documents and reports. Part I. Common Part (available in Russian only).
Request is forwarded to the NCC via:
Request for depositing is in effect on the day of its provision. Time when requests for depositing in the relevant currency / precious metal are accepted is provided in the Time Specifications (Supplement 6 to the Common Part of the Clearing Rules).
Depositing Standing Instruction is in effect since the Settlement Day for the relevant currency, which follows the date when such instruction is received. In case if the Request for depositing is submitted when there is Depositing Standing Instruction in respect of the same currency in effect then sum for depositing consists of the sums defined both in the Request for depositing and in the Depositing Standing Instruction.
Request for depositing / Depositing Standing Instruction is not applied when executing
Request for collateral return with the indication of the sum of cash funds / amount of precious metal;
Standing Instruction to Return Collateral in the amount of the Total Net Claim.
If there is Request for depositing / Depositing Standing Instruction execution of the Request for collateral return / Standing Instruction to Return Collateral is executed taking into account Request for depositing / Depositing Standing Instruction. If the Request for depositing is submitted when there is Depositing Standing Instruction in respect of the same currency in effect then sum for depositing consists of the sums defined both in the Request for depositing and in the Depositing Standing Instruction.
I.e. if request for collateral return is submitted in the maximum available amount (10 mil rubles) while Depositing Standing Instruction in the amount of 500 thous rubles and the request for depositing 300 thous rubles are submitted then 9,2 mil rubles will be returned.