UniCredit Bank is a settlement bank in the delivery of securities versus payment (DVP) system developed by the National Depositary Center (NDC). As part of this system, the Bank provides its clients with guaranteed completion of credit transactions in rubles, U.S. dollars and Euro against collateral security at the NDC, with simultaneous remittance of the principal to the borrower’s account against blocking of mortgaged securities.
The advantages of the proposed accounting system are as follows:
- no delivery and settlement risks under the transaction for either party
- accelerated electronic document-processing when transactions are made through the NDC-UniCredit Bank system
- the possibility of making transaction settlements in the course of one banking day
- the possibility of making settlements in various currencies