National Settlement Depository (NSD), Russia’s central securities depository, took part in the 13th Russian Bond Congress held on 3 and 4 December in St. Petersburg. This largest event in the debt securities market has been held since 2003.
Russian and international debt market professionals are traditional participants of the Russian Bond Congress with its extensive official program. Alina Akchurina, Managing Director for Collateral Management and Tri-Party Services, and Denis Buryakov, Director of Securities Department, represented NSD at the congress.
Ms. Akchurina took part in the panel discussion on the money market; the delegates discussed development issues of the repo market and the open debt market, as well as the corporate sector’s participation in the market development together with the banking community. In her report, Ms. Akchurina presented specifics and advantages of collateral management services for repo transactions with the Federal Treasury, and the role of NSD in the Moscow Exchange Group’s clearing participation certificates project. Ms. Akchurina also shared the company’s plans to expand the collateral management platform which will be used not only by global lenders but also by the wider financial market segment.
Denis Buryakov attended the key session of the congress that covered possible development pathways of Russia’s bond market. The participants of the session together with representatives of the Ministry of Finance, the Bank of Russia, the Moscow Exchange and the National Association of Stock Market Participants (NAUFOR) discussed the key development issues of the industry: 2015 results, prospects and forecasts for 2016, basic legislative changes in the bond market, new types of debt securities (exchange bonds and commercial bonds), etc.