National Settlement Depository


National Settlement Depository

National Settlement Depository. Automated System of Electronic Cash Settlements

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.

Automated System of Electronic Cash Settlements (ASECS) has been developed jointly by NSD and CMA Small Systems AB. СМА's solutions RTS/X and PIE which are the basis of ASECS technological platform have been used in a number of large scale international projects launched by central banks, stock exchanges and central depositories. During project implementation the above mentioned solutions were customized in order to meet the requirements of financial laws of Russia and the Central Bank of Russia as well as internal documents of the NSD.

ASECS's progressive architecture based on ProcessWare Integration Environment (PIE) is a new platform allowing speeding up implementation of new settlement functions, to minimize operating risks by means of enhanced automation of processes, to meet the clients' requirements in respect of reliable interactions with NSD. The new settlement system functions on the basis of Hewlett-Packard Integrity servers. During the implementation process, the NSD switched from Informix database management system to Oracle.

With the introduction of ASECS into commercial operations the National Settlement Depository has completed the next stage of the technological preparation to operate as a central depository of the Russian Federation.

Status: The Automated System of Electronic Cash Settlements went live in July 2012

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