Russia’s National Settlement Depository (NSD) has concluded its first transaction as a securities lending agent. The transaction was concluded on Dec. 26 2011.
CJSC ALOR INVEST acted as a lender, and OTKRITIE Bank (JSC) acted as a borrower. To conclude the transaction the participants selected JSC GAZPROM shares as an asset for settlements, and OAO LUKOIL shares were selected as a collateral asset.
The NSD began to offer its securities lending and repo services to customers in November 2011.
(JDC)