Russia's National Settlement Depository (NSD) has introduced a delivery-versus-payment basis using correspondent accounts opened with the Bank of Russia.

The enabling of settlement in central bank money reduces counterparty cost and risk, it adds.

Maria Ivanova, vice president, business development and client relations, pointed out that implementation of central bank money settlement is an important step toward development in Russia's market infrastructure, bringing it into compliance with international standards.

Russia's National Settlement Depository (NSD) and Interfax information agency have launched a joint project aimed at the collection, verification and distribution of corporate information. 

Russia's National Settlement Depository (NSD) says it has launched a new technology for organizing shareholder meetings that includes informing about shareholder meetings and e-proxy voting. 

EquiLend and BondLend, the securities finance industry trading and post-trade service providers, report the launch of Trade Match, which provides an automated way to compare pre-settlement, cross-product securities finance transactions.

SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, has appointed Samuel (Sam) D Eckelmann as vice president, strategic software development.

The principles of transparency, simplicity and comparability sit at the heart of a just-published paper in which LCH.Clearnet outlines a framework for standardised stress testing of central counterparties.

Electra Information Systems, a provider of software solutions for the asset management industry, has opened an office in St Petersburg, Florida, headed by Andy Gnibus, manager of data services.