The powers of clearing manager are obtained by participants by filing the Application for changing the powers associated with the clearing ID. On each trading day at MSK, by the end of the trading day, National Clearing Center the clearing arm of Moscow Exchange notifies NSD the settlement depository of Moscow Exchange about trading day results by sending an instruction to make relevant transactions between sub-accounts.
The registrar holding the company's shareholder register sends a request for a list of the securities owners as of the record date, to NSD. NSD makes up the list and sends it back to the registrar.
Then the registrar sends the list to the issuer. The list of persons eligible to participate in the AGM at which the decision to pay out dividends is to be made, is drawn up by the registrar on a pre-defined date by the end of the business day.
In this case the securities are delivered one day prior the record date. The reduced fees for client positions rollover are expected to be introduced in the 4Q To be admitted to the trading with partial collateral a contribution to the Guarantee fund is required.
The Guarantee fund contribution is as follows starting Clearing participants whose own capital is more than RUB mn, is given the category B1. Clearing participants whose own capital is below RUB mn, is given the category B2.
