NSD Reports 23% Increase in Value of Securities

The value of securities on deposit at the National Security Depository (NSD) in the first quarter increased by 23% year-on-year, reaching RUB27.4 trillion.

Despite an increase in CSD values on deposit, the number of OTC operations declined by 20% in Q1, due largely to a 30% decrease in the number of payment (FOP) transactions.

The number of transactions carried out with the use of collateral management services increased by approximately 25%, reaching 2,274 transactions (up from 1,824 transactions in Q1 2014). However, the overall value of the transactions decreased: amounting to RUB8.4 trillion in Q1 2015, as against RUB11.1 trillion in Q1 2014.

Meanwhile, market participants await rules for trade reporting of OTC derivatives transactions, compulsory as of 1 October 2015. Consequently, the number of transactions registered with the NSD repository in Q1 2015 increased more than 2.5 times YoY and exceeded 85.6 thousand transactions (compared to 31 thousand in Q1 2014).

The amount of corporate actions carried out via an NSD increased by 30%, and the value of reported derivatives transactions amounted to RUB93 trillion. NSD’s clients also have an opportunity to use the e-proxy voting technology to vote remotely at shareholder meetings. In Q1 2015, 172 shareholder meetings were carried out using this technology.

Moreover, the total number of SWIFT messages reached 678, 000, with the amount of SWIFT message traffic doubling Y-o-Y in relation to corporate actions.