MOSCOW - National Settlement Depository (NSD), Russia’s central securities depository, reports that since 6 February, after publication of its intention to maintain a register of contracts at the web site of Russia’s Federal Financial Markets Service (FFMS), it begins functioning as a repository and maintaining the register of contracts concluded on the basis of the general agreement (integrated agreement), repo and currency swap contracts.
NSD’s Executive Board has established a promotional period until 31 March; during this period, the repository’s monthly commission per one client will be limited (it should not exceed RUB100,000). Moreover, in accordance with the current tariffs, the clients will not pay for servicing their quarterly reports on transactions with less than 4 days completion period (excluding repos).
NSD’s Committee of Users of Repository Services (the participants of derivative market) works on formation of the efficient tariff model for the repository. If the development of the tariff model takes more time than expected, NSD’s Executive Board will consider an issue of extending the promotional period.
To conclude the Agreement on repository services, the clients should submit the documents included in the following List (in Russian). The model Agreement and the Terms of provision of repository services are available at NSD’s web site (in Russian).
More information about issues connected with conclusion of the Agreement on repository services is available in the Department of Conclusion and Maintenance of Agreements (tel. +7 495 956 2789). Other questions related to repository services should be sent to Yekaterina Vysokikh (, tel. +7 495 234 9960) or to account managers or regional representatives of NSD.
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: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910, e-mail
Follow us in Twitter: http://twitter.com/NSD_News