The value of securities in depository accounts opened with NSD as of 30 June 2013 increased 46.4% in comparison with the same indicator as of 31 December 2012 (RUB12.049 trillion) reaching RUB17.638 trillion. The market value of Russian issuers' shares on deposit with NSD as of 30 June 2013 grew by 115% (RUB9.22 trillion). The increase in aggregate nominal value of corporate and regional bonds on deposit with NSD for 1H 2012 was 11.6% and reached RUB4.541 trillion; nominal value of Eurobonds on deposit with NSD increased by 59.3% to RUB371.73 billion, and UIT units’ value grew by 7% reaching RUB143.249 billion.
The number of securities on deposit with NSD increased fourfold from 18.119 trillion securities as of 31 December 2012 to 72.284 trillion securities as of 30 June 2013.
The number of issuers of securities serviced by NSD amounted to 3,837; this is 3.5% more against the beginning of 2013. The number of Russian issuers 6.6% increased, amounting to 2,821. The total number of securities issues serviced by NSD reached 6,846; it makes 2.9% growth against the data as of 31 December 2012. The number of Russian issuers’ shares serviced by NSD grew from 3,655 to 3,866 issues. The number of depository accounts including accounts opened by legal entities-non-residents, increased by 5.2% against the beginning of 2013 and stood at 3,647.
The number of inventory operations for 1H 2013 decreased by 0.5% against the comparable period of the previous year; it reached 1,237,570 operations.
The value of DVP transactions held by the participants in OTC market using NSD's correspondent accounts opened with Clearstream and Euroclear for the first six months of 2013 reached RUB120.026 billion; this is 62.4% more against the same indicator for 2012 (RUB73.906 billion). In January-June 2013, the number of DVP transactions increased by 155% against 1H 2012 and amounted to 1,548 transactions.
The value of NSD's internal DVP transactions held in the OTC market for the first six months of 2013 decreased by 84.6% against the same period of 2012 – from RUB27.868 billion to RUB4.287 billion. The number of NSD's internal DVP transactions conducted in January-June 2013 reduced by 64.5% compared with the same indicator for the previous year (from 93 to 33 transactions).
The decrease in the number and value of NSD's internal DVP transactions in attributable to the company’s customers’ switch to settlements on DVP-1, DVP-2 and DVP-3 models implemented in NSD in 2012 following the integration of NSD with DCC and RTS Settlement Chamber.
In January-June 2013, 66,663 clearing operations were conducted in NSD. The value of transferred securities amounted to RUB1.335 trillion.
For the first six months of 2013, the value of external FOP transactions held by the participants in the OTC market was RUB6.67 trillion; this means that it increased by 453% against the comparable indicator for 1H 2012 (RUB1.207 trillion). The number of external FOP transactions conducted for the first six months of 2013 20.6% dropped against the same indicator of 1H 2012, amounting to 39,706 transactions.
The value of NSD's internal FOP transactions held by the participants in the OTC market grew to RUB8.825 trillion for the reporting period; this is by 383% more than the same indicator for 1H 2013 (RUB1.825 trillion). The number of NSD's internal FOP transactions increased by 332% against January-June 2012 (from 31,893 to 138,015 transactions).
Cash settlements
Cash settlements on Moscow Exchange Group's markets at the close of trading
In 1H 2013, the aggregate cash turnover in trading bank accounts for provision of settlements between participants in Moscow Exchange Group's and SPCEX's on-exchange markets amounted to RUB206.987 trillion, including:
- on stock exchange market: RUB206.823 trillion (285% growth against 1H 2012);
- on SPCEX stock exchange market: RUB420 million (83.7% decrease against 1H 2012);
- on Standard stock market: RUB164 billion.
Operations held via the Bank of Russia's settlement network
In 1H 2013, the cash turnover in NSD's correspondent account with the Bank of Russia increased by 29.9% against 1H 2012, reaching RUB255.659 trillion.
The number of payments conducted via NSD's correspondent account with the Bank of Russia for 1H 2013 increased by 0.5% against the analogous period of 2012 and amounted to 301,489 payments.
In January-June 2013, the turnover of NSD's correspondent account with the Bank of Russia using its RTGS system, Banking Electronic Speedy Payments (BESP) system rose by 37.9% against 1H 2012 and reached RUB211.255 trillion.
The number of executed payments conducted via NSD's correspondent account with the Bank of Russia using BESP system grew by 72.1% against 1H 2012, standing at 96,920 payments.
This significant increase is mainly attributable to the technologic improvement of NSD's software and enhanced settlement services in respect of conducting payments through the BESP system.
NSD remains the leading Russian paying agent on corporate and regional bonds. As of 1 July 2013, its share in the market of paying agent's services was 32.18% on basis of all number of corporate and regional securities issues in circulation, and 35% based on the number of issuers of corporate and regional securities in circulation. In first half of 2013, NSD as a paying agent accepted for servicing 20 bond issues of 10 issuers. As of 1 July 2013, the total number of bond issues serviced by NSD as a paying agent amounted to 326 issues of 133 issuers.
In 1H 2013, NSD made 219 payments as income on registered securities (dividends, UITs income, revenues from repurchase of shares) in the sum of RUB25.785 billion (this is by 330% more than the same indicator for 1H 2012 — RUB6.006 billion) and 429 payments in the sum of RUB189.913 billion as income on corporate and regional bonds (this is by 72% more than for the same period of 2012 – 444 payments for RUB110.435 billion).
This decrease in the amount of payments held by NSD as a paying agent is to be take place during redemption of issues which were registered or to which the identification numbers were assigned prior to 1 January 2012 (due to a changed procedure of payment on equity securities with mandatory centralized custody which were registered or to which the identification numbers were assigned prior to 1 January 2012, and on the federal state equity securities with mandatory centralized custody regardless of their registration date).
In compliance to the change of the above mentioned procedure, in 1H 2013, NSD as a depository providing services of mandatory centralized custody, made 260 payments as income on bonds for the total sum of RUB456.524 billion.
The sum of Eurobonds' coupon and maturity payments for the first six months of 2013 amounted to:
- Ruble payments: RUB1.283 million
- Euro payments: €1.2 million
- US dollar payments: US$753 million
- British pound payments: £0.074 million
- Hong Kong dollar payments: HKD0.033 million.
Being Russia's National numbering agency, NSD assigns ISIN and CFI codes to Russian financial instruments, submits information about assigned codes to the ANNA international database and updates information about assigned ISIN and CFI codes.
In 1H 2013, NSD assigned international ISIN and CFI codes to 529 Russian financial instruments and withdrew ISIN codes from 252 Russian securities.
In 2008, the Federal Financial Markets Service's Provision for Foreign Financial Instruments as Securities approved by FFMS Order #07-105/pz-n of 23 October 2007, came into effect. According to this document, NSD, acting as a member of Association of National Numbering Agencies (ANNA), provides services related to qualification of foreign financial instruments as securities to stock market participants.
For all the time of contributing to qualification of foreign financial instruments, NSD received and processed 62,791 requests on ISIN and CFI codes of foreign financial instruments (including requests on the same instrument sent by different clients). By the end of June 2013 information about 22,164 instruments was provided to the market participants; out of them 18,584 instruments conform to the FFMS qualification requirements.
Note
Value of securities held in NSD accounts is an operational indicator which does not include the market value of balance of assets held in issuers’ accounts and treasury securities accounts. The value of shares and units of Unit Investment Trusts is based on market value, and the value of bonds is based on nominal value.
The volume of transactions conducted by OTC market participants is calculated on the basis of transferred securities' market value using NSD's methodology.
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 international rating agency Thomas Murray has assigned NSD an AA- rating as a central securities depository.
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, license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012 and license #077-00004-000010 for the clearing activities issued by the Russian Federal Financial Markets Service on 20 December 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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