Russia's CSD launches securities lending 29 December 2011Moscow Reporter: Anna Reitman
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Russia's National Settlement Depository (NSD) concluded its first transaction as a securities lending agent between a brokerage firm and bank.
Using its “settlement REPO” technology of securities lending, NSD now offers customers the capability to fulfil clients' obligations to supply securities. Stocks were both loaned and posted as collateral to conclude the transaction.
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