In September 2005 the Non-Commercial Partnership “Interbank Settlement System,” (NCP “ISS”) whose settlement bank is JSB “ORGRESBANK,” has accepted the 200th participant

20.09.2005

In September 2005 the Non-Commercial Partnership “Interbank Settlement System,” (NCP “ISS”) whose settlement bank is JSB “ORGRESBANK,” has accepted the 200th participant

This was one of the leading Kaliningrad banks - JSB “Investbank.” Thus, over 13% of the total number of banks of Russia have joined the NCP “ISS.”

 The innovations of the Partnership have extended the opportunities of banks in the area of receiving and providing interbank loans. From here on, the participants of NCP “ISS” are able to close interbank loan transactions with any tenor and without providing a collateral. As always, the huge advantage that the participants of the Partnership are privy to is the absence of requirement to sign master agreements with the banks-participants.

From the beginning of the year, the total number of transactions made within the framework of the NCP “ISS” trading sessions has reached 5202 (compared to 01.09.2004 - 3487), and total value of transactions amounted to RUB 84,6 bln. (compared to 01.09.2004 – RUB 55,5 bln.).

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