On publication of the Bank of Russia Directive 3253-U

04 June 2014
Print version

Dear clients!

Please be informed that Bank of Russia Bulletin No. 52 (1530) of 4 June 2014 has been released where the Directive No. 3253-U dated 30 April 2014 ‘On Rules for Maintaining a Register of Transactions Concluded on the Terms and Conditions of a Master Agreement (Single Agreement), on Reporting Deadlines and Data to be Entered in the Register, and on Providing Deadlines and Data to be Entered in the Register, and on Providing the Register of Transactions Concluded on the Terms and Conditions of a Master Agreement (Single Agreement) to the Central Bank of the Russian Federation (the Bank of Russia)’ (hereinafter – the Directive) has been published.

The Directive comes in effect since 10 days from its official publication and stipulates:

  • Changes in the reporting terms for the derivative and other trade types (except repo and FX swap) to 1 January, 2015.
  • Changes in the reporting in case one party of the trade (contract) concluded on the terms of master agreement on OTC market is a foreign entity: provision of the repository services can be done by the repository to a second party (Russian legal entity) of trade regardless of provision of repository services under the same trade (contract) to a second party – foreign entity (see paragraph 2 of the clause 6 of the Directive).

Information on terms and conditions for provision of repository services when one party of a contract is a foreign entity is provided in the presentation from the workshop held at NSD on 28 May, 2014.


For the questions on repository services please use the contacts provided on NSD’s website.

See the Repository messages specifications on a specialized web site.

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