Owner of the account can send a payment order to his/her General account in RTS Settlement Chamber regardless of whether the trading on T+0 market is in progress or not.
If trading on T+0 market has not started yet or is already over, the RTS Settlement Chamber checks if there are sufficient funds in the corresponding account and executes the payment order.
If the payment order was received during the trading session on T+0 market, RTS Settlement Chamber requests T+0 market’s clearing house for a permission to transfer the funds from the Trading account to the General one. On receiving the corresponding permission, RTS Settlement Chamber transfers the funds to the General account and executes the payment order. If the payment order is sent via a Client-Bank system, then all documents circulation between RTS Settlement Chamber and T+0 and Derivatives markets’ clearing houses is done in the automatic mode and takes no more than 5 minutes. One should mention that the volume of cleared funds, which could be withdrawn from the Trading account, is defined with taking into account those trades that are already made but not settled yet.
When transferring funds from T+0 to Derivatives market, a clearing account in RTS Clearing Center should be indicated as an account for acceptance. The number of the clearing register division to which the cash funds shall be credited should be indicated in "payment’s purpose" field. The funds credited to the clearing account will be automatically transferred to the required clearing register division, only if the "payment’s purpose" field is filled in accordance with the Clearing rules of CJSC RTS Clearing Center.
For further information, please contact the Operations Department of the RTS Settlement Chamber at +7(495)705-9031.
