NSD Begins Servicing Direct REPO Transactions in SPCEX SC

17 November 2011
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MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that it began providing services to credit organizations concluding direct REPO transactions with the Bank of Russia in the securities section of the Stock company Saint-Petersburg Currency Exchange (SPCEXSC).

On 15 November, 2011, credit organizations concluded first direct REPO transactions with the Bank of Russia in the securities section of the SPCEX SC using NSD's settlement services on direct REPO transactions with the Bank of Russia. An amount of transactions for the first day amounted to RUB20 million.

A technology of conclusion of REPO transactions collateralized by a basket of securities is a peculiar characteristic of the direct REPO transactions conducted in the SPCEX SC. The traders are not supposed to deposit securities and funds prior to the transactions. They may settle transactions by means of transferring to the Bank of Russia any securities from a list of securities (a basket of securities) accepted by the Bank of Russia as collateral for direct REPO transactions.

About NSD 

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.

NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.

In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.

NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.


For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910,

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