National Clearing Centre's own funds top RUB 27 bln

The National Clearing Centre (NCC), part of the Moscow Exchange Group, has increased its charter capital by RUB 9 bln to RUB 15.17 bln, bringing its own funds to more than RUB 27 bln.

The increase in charter capital was a result of NCC issuing additional shares to Moscow Exchange (NCC's sole shareholder). The CBR registered the results of the issue on 25 October.

NCC CEO Alexei Khavin said "The increased charter capital boosted NCC's own funds in line with capitalisation of many international clearing houses. NCC's high capitalisation, alongside its recent receipt of "qualified central counterparty" status from the CBR, makes it a reliable element of Russia"s financial market infrastructure for both local and foreign clients and counterparties."

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