Russia’s NSD sees number of registered transactions jump 64.6% YoY in Q4 2015

Russia’s National Settlement Depository (NSD), part of the Moscow Exchange Group, has reported some key operating metrics for the final quarter of 2015.

The NSD noted the 25% year-on-year increase in the value of securities under its custody during the period, as well as the rise in the value of transactions reported to the repository, which reached RUB 114.2 trillion ($1.49 trillion). The latter was attributed to new legal requirements, which obliged market participants to submit reports on all types of transactions with derivatives.

The NSD Repository

More than 135,000 transactions were registered in the final quarter of 2015, up 25% from the third quarter of 2015 and up a massive 64.6% from the final quarter of 2014.

The value of the registered transactions in the fourth quarter of 2015 reached RUB 114 trillion, up 8.3% quarter on quarter and up 34% year on year.

The biggest part of the transactions registered in Q4 2015 came from:

  • Currency forwards (80,740);
  • Currency swaps (34,534);
  • Share options (6,591).

Payment system and cash settlements

In the fourth quarter of 2015, the value of money transfers amounted to RUB 104.9 trillion, up 8% from the same quarter a year earlier.

Central Securities Depository’s Services

In the final quarter of 2015, the value of securities under custody held on behalf of clients of NSD grew by 25% year on year and reached RUB 30.8 trillion as of 31 December 2015.

The number of inventory operations in the central securities depository (CSD) fell 2.6% year on year to 652,000.

The number of stock exchange operations declined marginally in annual terms to stand at 519,000 in the fourth quarter of 2015. The off-exchange operations’ number amounted to 132,300, down 8% year on year.

Collateral Management System

In the fourth quarter of 2015, the value of repo transactions with the Federal Treasury performed with the use of the NSD collateral management system reached RUB 9 trillion, nearly twice as much as in the third quarter of 2015 (RUB 4.6 trillion).

In the fourth quarter, the value of repo transactions with the Bank of Russia conducted with the use of the NSD collateral management service amounted to RUB 4.6 trillion, way below the result of RUB 21.6 trillion registered in the same quarter in 2014.

You can view the full announcement from NSD by clicking here.

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Russia's NSD sees number of registered transactions jump 64.6% YoY in Q4 2015


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