On 20 November 2014, a 9th annual international conference “Russian Derivatives Market: New Regulations – New Market Development Stage” took place in Moscow. The forum was organized by the National Securities Market Association and the National Currency Association. National Settlement Depository (NSD) was represented by Anastasiya Kiseleva, Managing Director for repository operations, who spoke at the conference.
Ms. Kiseleva spoke at the session that covered issues of the derivatives market infrastructure. Her report was dedicated to results and achievements of NSD repository, the first repository in the Russian market, and to NSD’s development plans for 2015. Among the results of the first year of the repository’s operation Ms. Kiseleva named a recognition of NSD as a systemically important repository by the Bank of Russia, the repository’s preparedness to register all types of transactions provided for by the law. Ms. Kiseleva described the repository’s priority plans: adapting to the amended legislation that should be put into effect in 2015 (switching to LEIs, cancelling quarter reports, introducing mandatory reports on all types of derivatives), launching interactions with CME Trade Repository Limited, an international trade repository, to allow Russian participants to report their OTC transactions in accordance with the EU requirements, integrating the repository in the REPO settlements scheme, and developing a concept of NSD repository’s analytical services.
Full version of the presentation is available on NSD’s website.