Absolut Bank and Transfingroup in an NSD first
July 5, 2017

JSC Transfingroup Asset Management Company (TFG AMC) and JCB Absolut Bank (PJSC) have become the first companies in the Russian market to have conducted a transaction via the centralized system for record-keeping and distributing Unit Investment Trust (UIT) units. The system was developed by the National Settlement Depository (NSD), Russia's central securities depository.

The transaction was conducted in the automatic regime using NSDirect, NSD's unified web client, to which both parties had been connected. TFG AMC received from NSD's nominee a request to purchase UIT units "TFG-Ruble bonds" in the form of an electronic document verified by an nominal holder NSD electronic signature. An instruction to submit the request and a depository instruction were prepared by a broker – Absolut Bank.

To date, five companies have connected to the system, and six firms are using it in a trial mode.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across fundservices.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

JSC Transfingroup Asset Management Company (TFG AMC) and JCB Absolut Bank (PJSC) have become the first companies in the Russian market to have conducted a transaction via the centralized system for record-keeping and distributing Unit Investment Trust (UIT) units. The system was developed by the National Settlement Depository (NSD), Russia's central securities depository.

The transaction was conducted in the automatic regime using NSDirect, NSD's unified web client, to which both parties had been connected. TFG AMC received from NSD's nominee a request to purchase UIT units "TFG-Ruble bonds" in the form of an electronic document verified by an nominal holder NSD electronic signature. An instruction to submit the request and a depository instruction were prepared by a broker – Absolut Bank.

To date, five companies have connected to the system, and six firms are using it in a trial mode.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Infrastructure