NSD working with Sberbank on triparty repo transactions
08 December 2017 Moscow
Image: Shutterstock
Sberbank is using the National Settlement Depository (NSD), Russia’s central securities depository (CSD), to provide collateral management services for interdealer repo transactions, backed by NSD’s triparty services.
Andrey Shemetov, vice president of head of the global markets department at Sberbank CIB, suggested that employing complex solutions for collateral management “may be in the bank’s interest as they allow us to increase our operating margins and to raise the competitiveness of our products and services in general”.
Alina Akchurina, managing director of collateral management and tri-party services at NSD, added: “Sberbank and other players on the repo market were deeply involved in the new service development process. We consider this a crucial factor in driving demand for this service.”
She added: “NSD’s tri-party services are one element in a broad range of services offered by the Moscow Exchange Group to its clients in different financial market segments.”
The deal follows NSD’s announcement that it has partnered with Bloomberg to launch a new collateral management service for over-the-counter repo transactions, in March.
Andrey Shemetov, vice president of head of the global markets department at Sberbank CIB, suggested that employing complex solutions for collateral management “may be in the bank’s interest as they allow us to increase our operating margins and to raise the competitiveness of our products and services in general”.
Alina Akchurina, managing director of collateral management and tri-party services at NSD, added: “Sberbank and other players on the repo market were deeply involved in the new service development process. We consider this a crucial factor in driving demand for this service.”
She added: “NSD’s tri-party services are one element in a broad range of services offered by the Moscow Exchange Group to its clients in different financial market segments.”
The deal follows NSD’s announcement that it has partnered with Bloomberg to launch a new collateral management service for over-the-counter repo transactions, in March.
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