NSD Sees Rapid Growth in Q4

The 2014 Q4 results, disclosed by Russia’s NSD, show that The Bank of Russia’s repo transactions grew in value by 79%, with the aid of the NSD’s collateral management system.

The National Settlement Depository (NSD), Russia’s central securities depository, has helped to increase the number and value of The Bank of Russia’s repo transactions by enforcing a collateral management system.

The Q4 2014 statistics show that 3,124 operations took place, amounting to RUB21.6 trillion. During the quarter the number of reports on OTC transactions registered with the repository also exceeded 46,000; making it 3.5 times more than it was during the corresponding quarter in 2013. The total value of the 2014 OTC transactions during Q4 exceeded RUB85.5 trillion.

The number of clients who signed up for the NSD collateral management service increased from 154 banks in 2013 to 205 banks in 2014.

In relation to CSDs, Q4 marked a 14% rise in the value of securities on deposit, which increased from RUB21.8 trillion in 2013 to RUB24.9 trillion in 2014.

The value of foreign securities on the NSD clients’ depository accounts exceeded RUB2.7 trillion, increasing almost five fold against Q4 2013 (RUB566.9 billion).