Russian CSD puts on repository costume 26 September 2013 Moscow Reporter: Georgina Lavers
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Russia’s central securities depository, National Settlement Depository (NSD), will take on the functions of a repository in respect of all types of contracts, including repo and derivatives.
On 1 October, NSD will begin transmitting data associated with the Bank of Russia's OTC repo transactions with a basket of securities concluded as a part of the general agreement entered into with the Bank of Russia, to the repository.
From 5 November, participants in the Russian financial market are to submit to the repository data about repo and currency swap contracts in compliance with regulation.
From 1 October 2013, NSD will expand the range of client interactions with the repository and will be offering two additional opportunities: access to repository services through the repository web-client using standard web browser or through NSD's web service allowing straight through processing using client and repository software.
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