News

Starting from June 28, 2021, National Clearing Center provides Clearing Members with the opportunity to deposit precious metals as collateral for REPOs with GCC in a separately formed Asset pool "GC Metal". The inclusion of precious metals in addition to Russian rubles and foreign currency into the list of assets accepted into this asset pool will significantly expand the clearing members' opportunities to effectively use the funds allocated for operations on the exchange market.

Asset pool is a separate unit of securities and other assets formed by the NCC, deposited by clearing members as collateral for REPOs with GCC. In exchange for the assets deposited in the pool, clearing members receive General Collateral Certificates (GCC), which they can use as collateral for trades executed with NCC as a central counterparty in this market segment.

The main advantage of using GCC for clearing members is the possibility of preserving ownership rights to assets included in asset pool, and effective management of such assets from the point of view of funding and risk management. This explains high demand for these certificates among clearing members, as it can be reflected by the volume of REPOs executed with GCC. Thus, the total volume of such trades for 2020 amounted to 75 trillion Russian rubles, and for January-May 2021 - 31.2 trillion Russian rubles.