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.
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
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
In accordance with agreements concluded between NSD and the Bank of
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
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