At present 20 companies use DVP trading services with the US dollar settlement.
Since the beginning of 2005 more than 30% of all transactions of the Classic market were executed on the DVP conditions. Among those trades settled in US dollars the share of DVP transactions equaled 50%.
The decision to set "DVP" as the standard settlement system for transactions in 8 securities were made by the RTS Stock Exchange Board of Directors in March 2005. The appropriate amendments to the Trading rules were sent to the regulator (Federal Financial Markets Service).
The joint clearing system of the Depositary and Clearing Company and the RTS Stock Exchange, which implements the "DVP" without preliminary deposition of assets technology was created in 2002. The clearing and settlement depositary functions are performed by "Depositary and Clearing Company" . Settlement is performed using JPMorgan Chase Bank (NY) and RTS Settlement Chamber accounts.
