Unless otherwise specified, the financial results are shown for the first quarter of 2021, and the dynamics – as compared to the first quarter of 2020.
- NSD's net profit increased by 59.8% to RUB 1.1 billion, according to RAS;
- fee and commission income amounted to RUB 2.1 billion, an increase of 36.2%;
- the volume of assets in custody increased by 30.9% and reached 66.7 trillion in ruble equivalent (as of 31 March 2021);
- the total number of securities issues serviced by NSD increased by 12.5% to 27 thousand (as of 31 March 2021);
- the number of money transfers amounted to 475.5 thousand, an increase of 42.4%;
- the liquidity offered by the Federal Treasury through repo trades, involving NSD’s Collateral Management System (CMS), amounted to RUB 3.6 trillion, an increase of 19.3%;
- the number of transactions in the repository amounted to 8.43 million, an increase of 122.3%.
Settlement and Depository Infrastructure
At the end of the first quarter of 2021, the volume of securities in custody at NSD reached RUB 66.7 trillion, an increase of 30.9% compared to the same period in 2020 (RUB 50.9 trillion). The number of issues (ISIN) of securities serviced by NSD increased by 12.5%, reaching 27,000. The number of non-Russian securities issues and Russian Ministry of Finance's Eurobonds amounted to 18.6 thousand (+ 15.4%).
The value of Federal Loan Bond (OFZ) balances at the end of the first quarter of 2021 reached RUB 14.4 trillion, which represents a 57.2% increase over the year.
The value of OFZ balances in foreign nominee accounts reached RUB 2.9 trillion by the end of the first quarter, an increase of 3% against the first quarter of 2020 (RUB 2.8 trillion).
The number of OTC trades settled on a Delivery Versus Payment (DVP) basis reached 146.6 thousand (+ 39.9%). The value of trades amounted to RUB 3.6 trillion.
NSD registered 19 commercial paper issues of 13 issuers valued, in aggregate, at RUB 194.2 billion. Also, in the first quarter, NSD registered four commercial paper programs of four issuers valued, in aggregate, at RUB 228 billion.
The offering of 18 commercial paper issues valued, in aggregate, at RUB 132.9 billion was completed, 5 commercial paper issues valued at RUB 0.5 billion were redeemed.
3,716 corporate action events were initiated for Russian securities, a 6.7% increase against 2020. 13 359 corporate action events were initiated for non-Russian securities, an increase of 27.3%.
The activity of repository clients increased significantly. According to the results of the first quarter, 8.4 million transactions were registered against 3.8 million in the first quarter of 2020. The largest growth in reporting was recorded for REPO transactions (8.3 million transactions against 3.7 million in the previous year). The number of registered currency swaps remained unchanged (49.9 thousand against 50.3 thousand), while the number of foreign exchange forwards increased from 32.2 thousand to 46.5 thousand. The total volume of registered transactions in Q1 2021 amounted to RUB 125 trillion against RUB 124 trillion for the same period of the previous year.
New services and client segments
Within the framework of NSD's Strategy for 2019-2024, NSD continued the development of new services and client segments, which allows creating additional value for the client and diversifying revenues.
The liquidity offered by the Federal Treasury through repo trades, involving NSD’s Collateral Management System (CMS), amounted to RUB 3.6 trillion, a 19.3% increase against 2020; the sum of RUB 227.6 billion of this amount was offered through repo trades at a floating rate. The average maturity of Federal Treasury’s repos involving NSD’s CMS was 99 days.
In January, the Federal Treasury began placing free liquidity in the Single Treasury Account. The volume of transactions through NSD's CMS amounted to RUB 2.17 trillion.
In March, the repo basket for the Federal Treasury was expanded. It included 15 issues of DOM.RF mortgage bonds. As of 31 March 2021, the offering amounted to RUB 46.2 billion.
In addition, NSD's CMS platform for Global Creditors’ liquidity management was made available to another Global Creditor – the Finance Committee of Leningrad Region. The offering in the first quarter of 2021 amounted to RUB 0.8 billion.
In Q1 2021, NSD continued the development of financial marketplaces. As of 31 March 2021, users from 36 regions of Russia had purchased financial products. All transactions are registered with NSD’s Registrar of Financial Transactions (RoFT). As of the end of Q1 2021, transactions with deposits, bonds, shares and OSAGO had been registered in the RoFT.