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Custody news

NSD's assets under custody jump 28 percent


29 October 2015 Moscow
Reporter: Stephanie Palmer

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Image: Shutterstock
National Settlement Depository (NSD), Russia’s central securities depository (CSD) has seen a 28 percent increase in assets under custody, while the number of securities issued and the value of registered payments both also increased.

In its Q3 2015 figures, NSD reported assets under custody of RUB 29.6 trillion ($463.6 billion), an increase of 28 percent compared to Q3 2014, when it reported assets under custody of RUB 23.2 trillion ($454.2 billion).

The results showed that the number of stock exchange transactions remained relatively stable, with 490,200 transactions in Q3 2015, compared to 496,000 in Q3 last year. Over-the-counter (OTC) transactions saw a 13 percent dip, however, falling from 135,700 to 118,300.

The number of book-entry transactions also decreased slightly. In 2014, Q3 saw about 632,000 book-entry transactions, compared to about 609,000 in Q3 2015, marking a 3.7 percent dip.

On the other hand, the value of OTC delivery-versus-payment transactions saw a considerable increase of 17.5 percent, reaching RUB 585.4 billion ($9.2 billion).

The number of registered transactions on the repository increased by an impressive 44.5 percent, reaching 107,800 compared to 74,600 in Q3 last year. The value of registered transactions also increased by a massive 60 percent, from RUB 64.2 trillion ($1 trillion) in Q3 last year to RUB 105.3 trillion ($1.6 trillion).

Payments made on the instruction of NSD clients reached RUB 89.7 trillion ($1.4 trillion), a 22 percent increase on Q3 2014, which saw a total of RUB 73.6 trillion ($1.2 trillion).

In Q3 2015, NSD’s e-proxy voting technology was used in 138 meetings, bringing the total number of meeting that used the technology to 972 year-to-date.

In addition, 25 shareholder meetings used the e-proxy voting technology based on the ISO 20022 messaging standard, a capability that was introduced in July.
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