Bank Saint Petersburg began using the collateral management services (CMS) provided by National Settlement Depository (NSD) when conducting inter-dealer repo transactions.
Varvara Ponomareva, Head of the Money Market Department, Bank Saint Petersburg, said: “NSD’s CMS product for inter-dealer repos is a flexible and convenient complex solution that allows us to optimize time expenses and other costs related to the process of concluding and settling repo transactions. The Web Office which lets us manage trades is user-friendly, and the experience of NSD’s CMS team allows us to carry out transactions at the highest possible level.”
Alina Akchurina, Managing Director of Collateral Management and Tri-Party Services, NSD, added: “NSD’s tri-party services are a significant element of a wide range of services offered by the Moscow Exchange Group to its clients in various financial market segments, providing them with high quality and optimal collateral management services. In terms of infrastructure, our company is focused on creating added value for our clients.”