NSD Launches Collateral Management System for Russian Federal Treasury

Russia’s National Settlement Depository (NSD) has launched a collateral management system for repo transactions with the Russian Federal Treasury.

The offering allows market participants to enter into tri-party repo transactions with the Russian Federal Treasury, with the added availability of the NSD’s collateral management services.

These services include corporate actions on securities used as collateral, the replacement of securities with other securities acceptable by the lender, and margin calculation.

By the end of the second quarter, the number of the NSD’s clients using collateral management services increased by more than 15% year on year, reaching 214.

The number of transactions carried out with the use of collateral management services also rose by a third in the quarter, to 2, 600.

The NSD’s total value of securities on deposit increased by over 20%, reaching RUB 28.2 trillion.