Connection to the Trade Repository

This guide focuses on the connection to the NSD’s Repository: becoming a Repository client, , entering into the Electronic Data Interchange (EDI) agreement, appointment of the Reporting agent.

Repository functions and services, types and roles of participants are described in the ‘General information’ section of NSD’s website.

Note that processing clients’ documents by NSD may take up to 2 weeks.

How to become Repository Client?

In order to become a Client the following actions are required:

  • receive (or provide information  the NSD) Legal entity identifier (LEI) in on of Local operating units, including NSD.
  • submit a Declaration of accession to the Rules for the provision of repository services to the NSD;
  • receive an Identification code by submitting a CM006 form to NSD.

Foreign market participants should note that in accordance with the recent Bank of Russia Directive 3253-U if one party of the contract (trade) concluded on the terms of master agreement is a foreign entity, repository services can be provided to a second party (Russian legal entity) regardless providing repository services to a party – foreign entity.

Already an NSD Client?

If you already have some other type of agreement with NSD and a timely verified LEI, there is no need to provide additional documents to NSD.

In order to speed up the connection process, we recommend you to check the actuality of the documents you’ve already provided, e.g. have any changes been made into the list of signatories, Power of Attorney, or any other changes have been made.

Not an NSD Client?

If you are not an NSD Client yet, the following documents should be submitted to NSD:

  1. Documents in accordance with the list.
  2. Legal entity questionnaire (AA001 form).
  3. Documents confirming the authorities of the sole executive body (director) of the legal entity. For representatives – notarized Power of Attorney, granting the right to conclude the agreement to a representative of the legal entity (if an application, and/or a contract, and/or an agreement are signed by the representative of the client).
  4. A notarized card with samples of signatures and a seal impression.

AA001 form can be found in the ‘Documents, submitted by Clients’ section of the website.

Please contact us if additional information on the list of documents or on entering into Agreement on the terms and conditions for the provision of repository services is required.

How to enter into Electronic Data Interchange Agreement?

Please note that no additional information on the company is required in order to enter into the Electronic Data Interchange EDI) Agreement.

If you are not a participant of the NSD’s electronic data interchange, the following steps should be taken:

  1. Enter into EDI agreement with NSD.
  2. Submit an EDI application form.
  3. Submit a Power of Attorney for Signing Electronic Documents in the NSD’s EDI System.
  4. Provide NSD with a list of duly notarized documents2.
  5. Receive the Electronic Signature Verification Key Certificate(s) on the Moscow Exchange.

2 – see the ‘How to become a repository client’ section. If persons, on whom you’ve already provided notarized copies of identity documents will at the same time act as signatories of the electronic documents, you do not need to submit identity documents one more time to NSD.

Please note that in order to receive Electronic Signature Verification Key Certificates (ESVKC), additional set of documents, the same as for NSD, should be provided to the Moscow Exchange.

In order to speed up the connection process we recommend to submit documents to the Moscow Exchange at the same time as to NSD.

Available methods of interaction

How to appoint or become a Reporting agent

I want to appoint Reporting agent

In order to appoint a Reporting agent client should submit an Application for designation of authorized Reporting agent.

Detailed instruction on how to fill out the Application is available here.

Please note that a Repository agent should be also a client of NSD’s Repository and should have an EDI agreement with NSD.

See the Reference guide of Repository participants to check that person you’d like to appoint is a Repository client.

I will act as a Reporting agent for third parties

In order to obtain a Reporting agent status you should confirm your appointment when receiving CM016 form.
Please note that:

  • Client, which appoints you as a Reporting agent, should be a Repository client and have an Identification code as well as LEI.
  • EDI agreement is mandatory in order to act as a Reporting agent in accordance with the Rules for the provision of repository services.

How can I submit documents to the NSD?

Via representative

In order to submit documents via representative, you should issue a Power of Attorney on submitting / receiving documents using D02 form on your company’s representative.

Documents should be provided to the Contract department located at 12, Spartakovskaya str., Moscow, 105062, Russia; contact person: Kira Remneva, tel.: +7 495 234-48-27, ext. 5829, e-mail: ).

Representative should have an identity document (passport) and a Power of Attorney in due form D02.

By post

You can submit documents by post (or using any mail service) to the following address: 12, Spartakovskaya str., Moscow, 105062, Russia; for the attention of Natalia Belyaeva, Contract department.

Contact us

Find the contact information here.

Useful links

This section of the website contains information on the new Trade repository Fee schedule coming in effect on 1 September 2020, billing features and frequently asked questions.

Key changes into the Fee schedule are available in the table below:

# Description Current Fee schedule NEW Fee schedule
1. Fee schedules Fee schedule #1 and # 2.1 – 2.5 Single Fee schedule
2. Declaration to ascension to the Fee schedule Required for schedules # 2.1 – 2.5 Not required
3. Effective day 01.07.2016 01.09.2020
4. Payer for the Trade Repository services Sender (Reporting agent) No changes
Client (not a Reporting agent)
Observer (who submitted CM012 form)
5. Minimum fee (minimum invoice amount) 3 000 RUB for the provision of at least one billable service 9 500 RUB for the provision of at least one billable service and/or at least one open contract in the Contracts register at the end of the month where client is a Reporting agent
6. Observer (“rejection to report”) 3 000 RUB in case a contract was registered in the Contracts register with Observer’s Identification code 5 000 RUB charged monthly in case CM012 form is provided
7. Reporting rates
7.1 Safekeeping fee
  • 10 RUB per trade in  the Fee schedule #1 if number of trades is less than 40 000.
  • 3 RUB per trade if number of trades exceeds 40 000.
No longer applicable
7.2 Message registration fee Depends on the scale of the selected Fee schedule New single Fee schedule
7.3 Payment for BULK-reports (CM083 – CM085) 20 000 per month if number of trades does not exceed 10 000 UTIs per business day, +1 RUB per trade over specified amount No longer applicable.
Trades inside BULK-reporting forms and reports inside CM092 – CM094 are included into the calculation.
If BULK-report, CM092 – CM094 form was rejected, only reporting form is charged.
7.4 Payment for CM092/CM094 reporting forms 50 RUB per report, 60 000 RUB cap

Frequently asked questions: new Fee schedule, in effect from 1 September 2020

Information about Fee schedule in effect until 1 September 2020 is available in the presentation.

Information about sending payment documents on specified Identification (repository) code is available by the following link.

Frequently Asked Questions (until 1 September 2020)

Common questions related to billing

Which document defines general terms for paying for repository services?
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Who is the payer under invoice for the repository services?
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Payer under invoice is sender of a message to the Repository or receiver of a certain service (e.g. provision of extract from the Contracts register). Therefore payer for the repository services in scope of reporting and recordkeeping information is a Reporting agent.

More information can be found in the presentation.

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How can I select different Fee schedule?
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By submitting Declaration of accession to the fee schedule. Selected schedule shall come in effect starting next month following the month when the Declaration was submitted. Repository participants may choose between 1 “per trade” schedule and 5 fixed fee schedules.

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What payment documents are provided by the Repository?
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Invoice, acceptance act and attachment to the invoice. The latter is provided only in electronic form and only for the Fee schedule 1.

Paper forms are sent by post or can be obtained at NSD’s office.

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What is the periodicity for billing?
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Invoices are billed every month no later than 5th business day of the month, following the billing period.

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In what period repository services should be paid?
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No later than last day of the month following the billing period.

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Which Repository software allows receiving invoices and other payment documents in electronic form?
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Invoice, acceptance act and attachment to the invoice are received via Repository’s Web-client.

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In which currency invoice is billed? Are repository services VAT-eligible?
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Invoice is billed in Russian rubles (RUB). VAT may be applied in accordance with the Tax code of Russia.

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I use several Identification (repository) codes. Does it mean that I’ll receive several invoice split between the codes?
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Invoice is billed only to a Reporting agent (client) and only to a primary Identification code. In case you need to use another code, you may submit the relevant Request to NSD.

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If I received “main” and auxiliary Repository services (in accordance with the Fee schedule for NSD Repository's auxiliary services) during a month, will I receive one invoice or two?
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Client shall receive one invoice which will include costs of “main” and auxiliary Repository services. Acceptance act and attachment (specification) to invoice will also be unified. Please note that no attachment to invoice is provided for clients using Fee schedule 2.1 – 2.5.

In case any Repository service (services) are subjected to VAT in accordance with the legislation in effect, NSD shall create separate invoice, acceptance act and attachment to invoice for all services with VAT.

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Reporting agents as payers for the services

I – as a client – have several Reporting agents which submit information on my behalf. Which Reporting agent shall receive the invoice regarding the trades reported on my behalf?
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Each Reporting agent shall receive invoice which will be calculated depending on number of messages submitted to the Repository by such agent, number of trades kept in the Contracts register and other services provided.

If needed, Reporting agent may reimburse it’s client (clients) for expenses taken on it behalf. Repository does not regulate such processes.

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Is it possible for me as a Reporting agent to recompense my expenses by transferring it to my counterparties on whose behalf I submit information?
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Yes, attachment to the invoice contains fields with parties’ names and codes for each operation performed by Reporting agent (the latter’s details also may be indicted there in case it’s party of the trade). This information is enough to reimburse expenses.

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In case I act as a Reporting agent for two parties of the trade (and such parties are also a Repository clients) does it mean that I shall pay “double” fee for trade registration and recordkeeping?
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No, sender pays only for the messages (or it’s accounting in the Contracts register) in amount stipulated in the Fee schedule. “Double” fees are not applied.

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Billing of certain services

Does the number of CM092/CM094 forms counts when fee grade is determined in the Fee schedule 1?
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No. At the same time any number of registered CM092/CM094 reporting forms shall cost 1 000 RUB per month. However, CM092/CM094 forms reporting will affect fixed limit for the Fee schedules 2.1 – 2.5.

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Is UTI generation service provided free of charge?
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Yes, NSD does not charge clients for UTI generation solution in the Web-client.

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How NSD determines when to apply fee for the provision of consulting and information services (10 000 RUB)?
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Fee is applied when client is provided with the service which won’t be covered by standard service: e.g. Repository should perform unconventional procedures for providing information from the Contracts register or in case third parties are involved to perform client’s request.

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How can I use the format and logical check and how this service is billed?
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This service shall be launched on 1 October, 2016 and Repository participants will be able to connect to it by submitting application. Client (Reporting agent) shall be billed for the service regardless of it’s activity with the Repository until disconnection from the service.

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I’ve submitted Notification on rejection to submit information to the Repository (CM012 form) to the Repository and have a valid Power of Attorney issued to my Principal reporting agent with the right to receive invoices on my behalf. Will my Principal reporting agent be able to receive invoice on my behalf after 1 July, 2016?
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No, since billing procedures shall be changed and client who receives the service also becomes payer and receiver of the invoice.

Notification on rejection to provide information to the Repository was developed especially for those clients who are not obliged to report but at the same time want to have a certain control over action of third parties reporting. Therefore submission of such Notification meant that client would enter into the Electronic data interchange agreement with NSD and use WEB-client to receive payment documents.

Since WEB-client is provided for all clients free of charge we’d like to recommend to use it in order to receive the service as well as payment documents in full.

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In case I refuse to reconcile trade data due to discrepancies when receive reconciliation request from counterparty (its Reporting agent), will I be billed for reconciliation denial message?
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No, such message won’t be billed. But in case you’ll accept the received trade data, your confirmation message will be billed in accordance with the selected Fee schedule.

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Do I pay safekeeping and record fee in case contract (trade) was registered in the Contracts registered and closed on the same business day with CM093 form?
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Yes. In accordance with the Fee schedule 1 condition, the fee shall be charged for each calendar month or its fraction from the date of a Contract Reporting Form registration in the Contracts Register. However, no safekeeping and record fee applies for contracts reported with CM08x forms.

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