Naked Access for Corporates

A segregated client

A client of a Clearing firm which has the opportunity to transfer obligations and collateral to another Clearing firm.

The base clearing firm

He Clearing firm (BROKER) from which the NCC transfers collateral and obligations.

The recipient clearing firm

The Clearing firm to which the NCC transfers collateral and obligations.

For which entities

Non-residents (foreign brokers, funds), major resident clients, non-financial companies, sub-brokers, etc.

Service for Clients

• Sensitive to the Russian broker credit risk;
• Not satisfying the МОЕХ qualification criteria (capital - RUB 1 bn/ at least 2 employees with experience in transaction execution / a qualification certificate).

What is necessary for asset protection

• Opening of a segregated Trading and Clearing Account and a Settlement Code
• Registration of the segregated client in the NCC and NSD

A separate Trading and Clearing Account (TCA) is opened by the broker in the Securities Market;
The Settlement Code (SC) – in the FX Market;
A Segregated Brokerage Company - in the Derivatives Market.