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|
|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.