On 15 November, the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, approved the new version of the Fees for collateral management services.
The new Fees now include the annual rate in the amount of RUB100 for providing the Principal Reporting Agent services and the Reporting Agent services in respect of repo collaterals managed by NSD. The new rate is introduced in order to meet the requirements of the tax law.
NSD set up the promotional period till 31 December 2013; during the promotional period these services are provided for free.
In the near future, detailed information about the new fee will be published on the company’s web site in the Fees section.