Ref. АС-20/9142 dated 28 October 2014
Attn.: NSD’s Clients
This is an update to the message of 21 October 2014. In accordance with the information received from the Bank of Russia, National Settlement Depository (NSD) hereby provides information on the procedure of Bank of Russia’s OTC REPO transactions on 3 November 2014:
- Bank of Russia’s REPO auction and Bank of Russia’s OTC REPO sessions with fixed rate will not be held;
- margins to be provided for Bank of Russia’s REPO transactions with a basket of securities (with the use of Bloomberg information system), with respect to which NSD provides settlement, clearing, and collateral management services, will be processed as usual.
Should you have any question related to this message, please do not hesitate to contact your account manager at (495) 956-27-90 or (495) 956-27-91.