National Settlement Depository (NSD) is the central securities depository (CSD) of the Russian Federation. NSD offers a wide range of services to its clients, including depository services, payment services, registration of OTC transactions, information services, collateral management services, and IT services.
The Bank of Russia recognized NSD as a systemically important financial market infrastructure: a systemically important central securities depository, settlement depository, and trade repository. The NSD Payment System is a systemically and nationally important payment system. Currently, NSD has accounts with CSDs and ICSDs in seven countries, as well as correspondent accounts with major foreign and Russian banks. NSD services securities issued by companies representing more than 40 countries.
In 2019, the value of assets held in custody at NSD increased by RUB 7.70 trillion (17.1%) to RUB 52.67 trillion. The most increase was realized thanks to Russian stocks (+RUB 4.5 trillion), which now account for slightly below 50% of the total value of assets in custody at NSD.
The total number of securities issues in custody at NSD increased by 16.6% to 23.4 thousand, inclusive of the number of non-Russian securities issues and Russian Ministry of Finance’s Eurobonds which surged 23.3% to 15.5 thousand (nonRussian stock issues and non-Russian corporate bond issues in custody at NSD increased by 25% each). The number of Russian securities issues rose by 10% to 7.9 thousand.
