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National Clearing Center to Apply for Recognition in Europe

04.06.2015 12:00 / TASS

In July, National Clearing Center (NCC) will apply to the European Securities and Markets Authority for recognition in Europe, said Bank of Russia’s Director of Financial Markets Development Elena Chaikovskaya.

“As far as I know, the official application is being drafted and will be submitted in July”, she said. Chaikovskaya also said the Bank of Russia has already sent a request for recognition to ESMA.

National Clearing Center is the Central Counterparty for Forex, securities, REPO and derivatives markets.

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