NSD Board Approves Changed Tariffs for Settlement and Cash Services
OREANDA-NEWS. October 14, 2011. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board at the meeting held 11 October has made a decision on a change in Tariffs for Settlement and Cash Services held by NSD for its clients. The Board has approved a tariff in the amount of 10% of the sum of a transfer held by means of paper payment order (for the clients with who NSD terminated EDI agreements on its initiative).
The Supervisory Board has authorized the company's Executive Board to set a date of putting of the amended NSD Tariffs for Settlement and Cash Services into effect.
An increase in the tariff is connected with taking measures aimed at anti-money laundering and counter financing of terrorism including cases of revealing of indicators of the company's clients' suspicious transactions.
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