National Settlement Depository

National Settlement Depository (NSD) is the central securities depository of the Russian Federation

National Clearing Centre

Central Counterparty National Clearing Centre acts as a Clearing House and CCP in the Russian financial market

National Mercantile Exchange

Regulated commodity markets

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Interest on initial margin

When a member posts RUB together with USD, RUB have a priority in valuation.
Interest rate for IM in RUB: RUONIA -spread

IM_RUB=min ?(IM in RUB, Margin requiremetns)