Russia's NSD endures sharp repo drop off
27 May 2016 Moscow
Image: Shutterstock
Russia’s National Settlement Depository (NSD) suffered a decline in its monthly repo transactions with the Bank of Russia in May.
NSD’s monthly value of repo transactions with the Bank of Russia reached RUB 2.4 trillion ($36 billion), compared to RUB 8.4 trillion ($128.4 billion) at the same point in 2015.
The drop in repo with the Bank of Russia’s securities basket was due to a general decline in the amount of credit organisations’ debt to the Bank of Russia, in line with the new monetary policy of the regulator.
The value of repo transactions with the Federal Treasury performed using NSD’s collateral management system hit RUB 6.7 trillion ($102 billion). The number of transactions reached 497.
The aggregate value of repo transactions with the Federal Treasury and the Bank of Russia stood at RUB 9.1 trillion (USD 139 billion) in Q1 2016.
NSD’s monthly value of repo transactions with the Bank of Russia reached RUB 2.4 trillion ($36 billion), compared to RUB 8.4 trillion ($128.4 billion) at the same point in 2015.
The drop in repo with the Bank of Russia’s securities basket was due to a general decline in the amount of credit organisations’ debt to the Bank of Russia, in line with the new monetary policy of the regulator.
The value of repo transactions with the Federal Treasury performed using NSD’s collateral management system hit RUB 6.7 trillion ($102 billion). The number of transactions reached 497.
The aggregate value of repo transactions with the Federal Treasury and the Bank of Russia stood at RUB 9.1 trillion (USD 139 billion) in Q1 2016.
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