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Settlement solution enhanced to delivery-versus-payment by Clearstream to help accelerate Russian capital market reform -Settlement deadlines extended -Clearstream also widens scope of securities eligible for settlement at Russian central securities depository, to include municipal bonds. As momentum continues in the reform of Russia’s capital markets, Clearstream is keeping pace and is supporting the set-up of an effective settlement framework by delivering its improved settlement solution and introducing municipal bonds via its direct link to the new Russian Central Securities Depository (CSD), the National Settlement Depository (NSD). This week, Clearstream goes live with its new delivery versus payment (DVP) settlement solution – the market’s preferred settlement choice since it is...
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