National Settlement Depository, Russia’s central securities depository (NSD), took part in the Trust Management and Collective Investment Market 2015 Conference organized by the National Managers League (NML) on 26 February 2015 in Ritz Carlton Hotel, Moscow. Among delegates of the forum were financial market participants, representatives of the regulator, UIT management companies, non-state pension funds, specialized depositories, banks, brokerage firms, insurance companies and major investors.
The delegates discussed the pension reform, an evolution of approaches to assessment of investment funds’ efficiency, new types of investment products for local investors, financial literacy and investment competence as a way to expand local investments, target investments for not-for-profit organizations’ support, distribution models of the future etc.
Elena Gusalova, Director of the Research and Development Department, NSD, presented her report about the outlook of creating a centralized system of operations with open unit investment trust (OUIT) units on the basis of the central securities depository. Ms. Gusalova pointed out that automated and unified document interchange allows to simplify operations, cut costs and mitigate risks of collective investment market participants; centralization of settlements on the basis of NSD will reduce the time of execution of the operations up to 1 or 2 days.