Default Fund is collective clearing collateral, formed by the Clearing House from the contributions of Clearing Members to secure fulfillment of obligations under Partially Secured Trades.
| Beneficiary bank: | Operation Department of the Bank of Russia, Moscow |
|---|---|
| Russian BIC: | 044501002 |
| Correspondent account number: | 00000000000000000000 |
| Beneficiary: | CENTRAL COUNTERPARTY NATIONAL CLEARING CENTRE |
| Beneficiary account number | 30415810000000000001 |
| Tax reference number: | 7750004023 |
| Purpose of payment: | Posting funds to Default Fund FRFRКХХХХХ. VAT free |
where ХХХХХ - Settlement Account of the Clearing Member, designed for recording contributions to Default Funds
NCC does not place funds of collective clearing collateral in deposits.