A Central Counter Party (CCP) has been introduced in the organized trading at the Belarusian Currency and Stock Exchange since December 16, 2019.

On introducing CCP
A Central Counter Party (CCP) has been introduced in the organized trading at the Belarusian Currency and Stock Exchange since December 16, 2019.
The CCP introduction in the organized securities market enables trade participants to carry out inter-client and intra-brokerage transactions in securities with no third-party involved.
CCP transactions are carried out on the basis of 100% prepayment and reservation of securities. Clearing and CCP functions are performed by BCSE, the National Bank of the Republic of Belarus acts as a settlement bank, and the Central Depository of the Republic of Belarus is a settlement depository.
The introduction of CCP institute is another step in developing the national organized securities market aimed at introducing international standards of transactions execution.