MOSCOW – On 7 December, National Settlement Depository (NSD), Russia's central securities depository, submitted to the Russian Federal Financial Markets Service (FFMS) notification of NSD’s intention to maintain a register of repo and currency swap contracts in accordance with repository services agreements concluded with its customers. To date NSD has concluded repository agreements with 78 organizations.
NSD will begin maintaining a register of contracts on these financial instruments starting on the date of publication of information about NSD’s repository on the web site of FFMS.
During the testing of the repository’s technologies conducted from 15 October to 7 December by NSD jointly with its clients, the company successfully registered over 150 general agreements and transactions, and checked all regimes of the repository’s functions. The results of the testing are available on NSD’s web site (in Russian).
To minimize client costs at the first stage of the repository’s functioning, NSD introduced a repository services rates discount for the input of information in the register of contracts. The promotional period applies from 10 December to the date of publication of information about NSD’s repository on the web site of FFMS. An additional promotional period during which the maximum monthly cost of NSD’s service for registration of information about repos in the register of contracts will not exceed RUB100,000 will begin on the day of publication of information about NSD’s repository on the web site of FFMS and will remain in effect until 1 April, 2013.
More information about the company’s repository services and terms is available at NSD’s web site (in Russian).
About NSD
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.
NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.
Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.
Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia.
For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mail
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