1. Settlement of transactions executed on the Exchange shall be carried out within the following two days trading (T+2).

2. All transactions concluded at the Exchange through the electronic trading system shall be transferred automatically to the Clearing system, to complete the clearing operations and payment of the purchased securities value through the Settlement Bank within the two days following the trading (T+2), and transfer the ownership of the securities simultaneously with payment of net cash balances.

3. The net to pay or receive amounts to the broker shall be calculated within half an hour after the trading session, and the report shall be sent to the Settlement Bank on the same day of trading.

4. The broker shall pay the net to pay amount due from him according to the 'net to pay amount statement' issued by the Clearing system not later than 09:30 a.m. on settlement day (T+2).

5. The Settlement Bank shall, upon the instructions of the Unit, pay the amount stated in the 'net to pay amount statement' in the relevant broker's account not later than 10:00 a.m. on settlement day (T+2).

6. The Settlement Bank shall send to the Unit on (T+2) a report to confirm completion of settlement and clearing of the transactions which should be settled by the brokers before the commencement of the trading session.