NSD repo transactions hit $87 billion in Q3 15 November 2018Moscow Reporter: Jenna Lomax
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The National Settlement Depository (NSD) found the value of repo transactions reached RUB 5.9 trillion ($87 billion) in Q3 2018.
The NSD results, released on 14 November, also indicated the value of repo transactions with the Bank of Russia performed using NSD’s collateral management system (CMS) was RUB 39.6 billion ($580 billion).
The number of the over-the-counter repo market participants who signed up for NSD’s CMS service amounted to 170 companies.
Bank Saint Petersburg began using the collateral management service when conducting inter-dealer repo transactions.
In the reporting quarter, the value of Federal Treasury long-term repo with floating and fixed rates performed using NSD’s CMS stood at RUB 568.8 billion ($8 billion).
In Q3 2018, some 96 repurchases of shares and 16 corporate actions to exercise the pre-emptive right to purchase shares were also initiated.
In the same period, the total value of repurchased shares reached RUB 29 billion ($431 million).
In Q3 18, the value of securities under custody reached RUB 43.5 trillion ($647 billion)—a 14 percent increase as compared with the same period of 2017.
The number of foreign securities issues serviced by NSD grew 56 percent—from 7.6 thousand to 11.8 thousand.
In Q3 2018, NSD assigned 22 new legal entity identifiers (LEIs), verified 105 LEIs, and accepted for servicing three LEIs previously serviced in other local operating units.
LEIs assigned by NSD are recognised by regulators, market participants, and local operating units of other countries.
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