Russia’s NSD posts first results of mandatory derivatives transactions reporting


There are new rules for derivatives transactions reporting in Russia that came into force on October 1, 2015, obliging market participants to submit reports on all types of derivative transactions concluded on the basis of Master agreements to a Repository.

The NSD Repository, part of the Moscow Exchange group of companies, on Monday published the first results of this mandatory reporting.

The NSD Repository has registered more than 14,000 reports on transactions since October 1, 2015, including:

  • October 1, 2015 — 8,832 transactions;
  • October 2, 2015 — 5,179 transactions.

In just two days of mandatory reporting, the NSD Repository processed more than 22,000 messages from its clients.

In addition, starting October 1st, participants commenced submitting reports on four new instruments to the NSD Repository. The list includes bond options, bond forwards, equity options, as well as currency binary options.

Anastasia Kiseleva, Managing Director for Repository Operations, NSD, said:

“As expected, after the launch of mandatory reporting, the Repository’s workload connected with submitting not just transaction reports, but also other information (updated details, providing power of attorneys and the receipt of LEIs among others) has increased tremendously. In the first days of receiving the reports, all systems worked steadily. There were no software failures or errors. Prior to the launch of mandatory reports, the Repository conducted numerous stress tests which confirmed that NSD was entirely ready for the increased workload. We now want to thank our clients who took part in testing the new version of message formats and contributed to developing and optimizing the Repository’s message formats.”

To view the announcement from Russia’s NSD, click here.

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Russia's NSD posts first results of mandatory derivatives transactions reporting

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