The Russian central securities depository (CSD), the National Settlement Depository (NSD), has released its results for Q4 2014, reporting significant increases in the value of securities.
In Q4 2014, the value of securities on deposit was RUB 24.9 trillion, and increase of 14 percent on the same period in 2013, which reached RUB 21.8 trillion.
The value of foreign securities reached just over RUB 2.7 trillion in Q4 2014, almost five times Q4 2013’s figure of RUB 566.9 billion.
The number of inventory operations conducted by the CSD increased by 1.6 percent to more than 669.000, while exchange operations reached 524,800, a 1.4 percent increase on Q3 2013.
Over-the-counter (OTC) operations reached 144,300 in Q4 2014, a 2.3 percent increase on 141,100 in Q4 2013.
Of these, 71,600 were delivery-versus-payment operations, a 14.5 percent increase on Q4 2013. The other 72,700 were free-of-payments operations, representing a 7.4 percent decline on the same period in 2013.
In the repository space, reports on OTC transactions exceeded 46,000 in Q4 2014; three-and-a-half times the figure for Q4 2013.
The total value of OTC transactions was five times more than in Q4 2013, reaching RUB 85.5 trillion.
Reports on repo transactions also saw an increase of 72 percent compared to the same period in the previous year, exceeding 13,400.
The significant increases are partly attributed to changes that came in to force on 5 November 2013, meaning that it is mandatory for participants to submit reports on repo transactions and currency swaps to a repository. Before this, reports were submitted on a voluntary basis.
There has also been an increasing trend of submitting data on other types of transactions with derivatives, even though, as of yet, this is not mandatory.
The number of corporate action operations held by the NSD reached 3,820 in Q4 2014, a 21 percent increase on Q4 2013, which reached 3,140. Of these, 567 were foreign securities, an increase of 75 percent.
November 2014 also saw the launch of a new information service as part of the corporate action reform.
The service offers information on shareholder meetings and bond repayment in respect of Russian and foreign securities in accordance with notification, result dissemination and cancellation standards, as well as corporate action notifications and cancellation advice.
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