National Clearing Center, JSCB (ProgramBank.ABS (formerly Centaur Omega))

2022: Transfer Pricing Project

Transfer pricing project between various companies of the Moscow Exchange Group.

The solution provides accounting and control of transactions at prices other than market prices. Control is necessary, in particular, because taxes must be calculated based on market prices.

The main functionality of the project:

• Identification of transactions between the group companies subject to consideration in terms of the objectivity of the transaction price (that is, performed at prices other than market prices).
• Reporting to the Federal Tax Service taking into account market prices for selected operations.

2015: Implementation of the General Expenses Control Solution

On October 7, 2015, ProgramBank announced the introduction of a solution for controlling general economic expenses at the National Clearing Center.

Implemented solution:

• imports data on budget requests for expenses and supplier invoices into the banking system of ProgramBank.
• Automatically creates payment documents based on invoices.
• when generating expense documents, generates a breakdown of accounting amounts by management indicators based on expense requests and other algorithms.
• allows you to generate management characteristics of documents on the movement of material (writing off materials from 610 accounts to expenses, calculating depreciation on fixed assets, etc.).
• uploads data for management reporting to the in-home system. NCC

Employees of the "National Clearing Center" at the event (2014)

The system ensures accounting and control of economic expenses in the context of financial responsibility centers (CFO), budget items and projects.

2013: Automation of Precious Metals Deals

The volatile situation in the foreign exchange market has sharply increased interest in investing in precious metals. In December 2014, the volume of trading in precious metals on the Moscow Exchange reached a record amount of 4.48 billion rubles. The turnover in gold amounted to 2 tons, in silver - 4 tons.

Thus, the total volume of trading on the precious metals market of the Moscow Exchange in 2014 amounted to 16.4 billion rubles. By instrument, the turnover for the year amounted to 9.4 tons of gold and 18.9 tons of silver.

Delivery spot trading in gold and silver was launched on the Moscow Exchange in October 2013. The supply of gold and silver based on the results of trading is carried out to impersonal metal accounts (CHI) of participants opened at the National Clearing Center JSCB, which acts as a central counterparty, clearing and settlement organization in the precious metal market, and also performs operations of receiving and issuing precious metal ingots.

The project to automate transactions with precious metals at the NCC was implemented by ProgramBank in 2013. The project covers transaction accounting, customer input/output using SWIFT messages, accounting, integration with the Repository.

AKB "National Clearing Center" has been operating at the IBS "Centauri Omega" since the start of work in 2007, "Centauri Omega" is the main system of the bank.