NSD processes thousands of repo messages
08 November 2013 Moscow
Image: Shutterstock
Russia’s National Settlement Depository (NSD) received almost 6500 messages between 5 and 7 November from 129 parties mandatorily obliged to report information about repos and currency swaps.
From 5 November, Russian market participants had to submit information about repos and currency swaps concluded in the OTC market on the basis of master agreements to the Russian central securities depository.
As the sole principal reporting agent, NSD transmits data related to transactions concluded by the Bank of Russia with 119 banks to the repository.
The transactions were concluded in compliance with the Master Agreement on General Terms of Repos Settlement between the Bank of Russia and a credit organisation in the OTC market using the Bloomberg Information System.
For this period, NSD received and processed 359 messages sent to the repository as a part of the service, including registration of 148 repos with the basket of securities in the register of agreements.
As of 7 November, NSD has concluded repository agreements with more than 500 financial market participants, including banks, financial institutions, insurance companies, foreign and Russian corporations.
From 5 November, Russian market participants had to submit information about repos and currency swaps concluded in the OTC market on the basis of master agreements to the Russian central securities depository.
As the sole principal reporting agent, NSD transmits data related to transactions concluded by the Bank of Russia with 119 banks to the repository.
The transactions were concluded in compliance with the Master Agreement on General Terms of Repos Settlement between the Bank of Russia and a credit organisation in the OTC market using the Bloomberg Information System.
For this period, NSD received and processed 359 messages sent to the repository as a part of the service, including registration of 148 repos with the basket of securities in the register of agreements.
As of 7 November, NSD has concluded repository agreements with more than 500 financial market participants, including banks, financial institutions, insurance companies, foreign and Russian corporations.
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