NSD sums up Q1 results
May 18, 2017

Russia's National Settlement Depository has just released details of its performance in the first quarter of this year. Highlights include the following.

The first phase of the centralized system for record-keeping and distributing Unit Investment Trust (UIT) units was put into commercial operation, the NSD begins by saying. As part of the first phase, an automated system for purchasing, repaying, and exchanging UIT units owned by broker clients was created using a two-level nominee holding scheme.

In Q1 2017, the value of securities under custody reached RUB 35.2 trillion; this was an 11 percent increase compared with Q1 2016 (RUB 31.7 trillion). Possible factors which impacted the increase included the growth in the value of securities (MICEX Index +4 percent) and a rise in the number of new bond issues by Russian issuers (+18 percent).

The number of security issues serviced by the NSD increased from 9.9 thousand in Q1 2016 to 12.7 thousand in Q1 2017. Of them, the number of foreign security issues increased from 3.2 thousand to 5.8 thousand.

It is noteworthy that the number of Russian corporate and regional bond issues accepted for servicing during the reporting period more than doubled (105 issues) compared with the same period in the previous year (45 issues), says the NSD. The number of foreign bond issues accepted for servicing increased from 502 issues in Q1 2016 to 733 in Q1 2017.

The number of inventory operations in the central securities depository (CSD) increased by 17 percent – reaching 713.7 thousand operations in Q1 2017 compared with 610.1 thousand in Q1 2016, including 558.9 thousand exchange trade operations (491.9 thousand operations in Q1 2016) and 154.7 thousand OTC trade operations (118.1 thousand operations in Q1 2016).

In Q1 2017, the value of off-exchange delivery versus payment transactions with liabilities netting grew substantially and amounted to RUB 1.5 trillion. This was 83.7 percent more than in Q1 2016 (RUB 0.8 trillion).

In Q1 2017, five new users connected to SWIFT services via NSD's Service Bureau. The average daily traffic of Service Bureau clients increased by 57 percent compared with the same period in 2016 and amounted to 6.7 thousand messages per day. In early 2017, the NSD applied for an expanded SWIFT Service Bureau (SIP v2) to provide clients with a high level of reliability and security.

In Q1 2017, the NSD began preparing for self-certification in the sphere of new SWIFT information security requirements (the Customer Security Programme). The company completed its migration from the SWIFT Alliance Workstation software to the SWIFT Alliance Web Platform.

Collateral Management System (CMS)

The value of repo transactions which the Federal Treasury performed using the NSD's collateral management system reached RUB 10.4 trillion in Q1 2017. The number of transactions was 517.





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Russia's National Settlement Depository has just released details of its performance in the first quarter of this year. Highlights include the following.

The first phase of the centralized system for record-keeping and distributing Unit Investment Trust (UIT) units was put into commercial operation, the NSD begins by saying. As part of the first phase, an automated system for purchasing, repaying, and exchanging UIT units owned by broker clients was created using a two-level nominee holding scheme.

In Q1 2017, the value of securities under custody reached RUB 35.2 trillion; this was an 11 percent increase compared with Q1 2016 (RUB 31.7 trillion). Possible factors which impacted the increase included the growth in the value of securities (MICEX Index +4 percent) and a rise in the number of new bond issues by Russian issuers (+18 percent).

The number of security issues serviced by the NSD increased from 9.9 thousand in Q1 2016 to 12.7 thousand in Q1 2017. Of them, the number of foreign security issues increased from 3.2 thousand to 5.8 thousand.

It is noteworthy that the number of Russian corporate and regional bond issues accepted for servicing during the reporting period more than doubled (105 issues) compared with the same period in the previous year (45 issues), says the NSD. The number of foreign bond issues accepted for servicing increased from 502 issues in Q1 2016 to 733 in Q1 2017.

The number of inventory operations in the central securities depository (CSD) increased by 17 percent – reaching 713.7 thousand operations in Q1 2017 compared with 610.1 thousand in Q1 2016, including 558.9 thousand exchange trade operations (491.9 thousand operations in Q1 2016) and 154.7 thousand OTC trade operations (118.1 thousand operations in Q1 2016).

In Q1 2017, the value of off-exchange delivery versus payment transactions with liabilities netting grew substantially and amounted to RUB 1.5 trillion. This was 83.7 percent more than in Q1 2016 (RUB 0.8 trillion).

In Q1 2017, five new users connected to SWIFT services via NSD's Service Bureau. The average daily traffic of Service Bureau clients increased by 57 percent compared with the same period in 2016 and amounted to 6.7 thousand messages per day. In early 2017, the NSD applied for an expanded SWIFT Service Bureau (SIP v2) to provide clients with a high level of reliability and security.

In Q1 2017, the NSD began preparing for self-certification in the sphere of new SWIFT information security requirements (the Customer Security Programme). The company completed its migration from the SWIFT Alliance Workstation software to the SWIFT Alliance Web Platform.

Collateral Management System (CMS)

The value of repo transactions which the Federal Treasury performed using the NSD's collateral management system reached RUB 10.4 trillion in Q1 2017. The number of transactions was 517.



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