NSD announce new collateral fees 18 November 2013Moscow Reporter: Georgina Lavers
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On 15 November, the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, has approved the new collateral management service fees.
The new fees now include the annual rate in the amount of RUB100 for providing principal reporting agent services and the reporting agent services in respect of repo collaterals managed by NSD. The new rate is introduced in order to meet the requirements of the tax law.
NSD set up the promotional period till 31 December 2013; during the promotional period these services are provided for free.
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