02 August 2017
Moscow
Reporter: Jenna Lomax

Russia’s CSD sees spike in collateral management system


The value of repo transactions that the Russian Federal Treasury performed using the National Securities Depository’s (NSD) collateral management system reached RUB 10.2 trillion (USD 169.9 billion) in Q2 2017.

This activity was up 7 percent on the same period in 2016. The number of transactions also stood at 580—13 percent higher than in Q2 2016—thanks, in part, to the expansion of collateral available for the first part of repos with the addition of federal loan bonds, or OFZs, during coupon payment periods.

In Q2 2017, the value of repo transactions with the Bank of Russia performed using the NSD collateral management system stood at RUB 208 billion (USD 3.46 billion).

Elsewhere, the value of NSD’s securities under custody reached RUB 35.3 trillion (USD 587.96 billion) in Q2 2017, increasing 10 percent year over year.

In addition, Russian settlement depository held assets under custody valued at RUB 32.2 trillion (USD 536.32 billion) in Q2 2016.

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