Russia鈥檚 NSD grows repo market
29 October 2015 Moscow
Image: Shutterstock
The collateral management system of Russia鈥檚 National Securities Depository (NSD) processed repo transactions with the Federal Treasury worth RUB 4.6 trillion (US$71 billion) during Q3, accounting for more than a third of overall value.
The value of repo transactions with the Bank of Russia conducted via the NSD鈥檚 collateral management services reached RUB 8.1 trillion (US$126 billion) during the same period.
This means that Federal Treasury business accounted for a third of the value of all repo transactions conducted through the NSD鈥檚 collateral management services
The value of Bank of Russia repo transactions decreased from RUB 11.6 trillion (US$180 billion) in Q3 2014 to RUB 8.1 trillion (US$126 billion) in Q3 2015.
But the number of Bank of Russia repo transactions climbed year-over-year, from 1,879 to 2,284, an increase of 21.6 percent.
In total, the value of transactions conducted with the use of the NSD鈥檚 collateral management services stood at RUB 12.7 trillion (US$197 billion), beating Q3 2014鈥檚 RUB 11.6 trillion by 11 percent.
The value of over-the-counter repo transactions processed by the NSD stood at RUB 17.2 trillion (US$267 billion) during Q3 2015.
The value of repo transactions with the Bank of Russia conducted via the NSD鈥檚 collateral management services reached RUB 8.1 trillion (US$126 billion) during the same period.
This means that Federal Treasury business accounted for a third of the value of all repo transactions conducted through the NSD鈥檚 collateral management services
The value of Bank of Russia repo transactions decreased from RUB 11.6 trillion (US$180 billion) in Q3 2014 to RUB 8.1 trillion (US$126 billion) in Q3 2015.
But the number of Bank of Russia repo transactions climbed year-over-year, from 1,879 to 2,284, an increase of 21.6 percent.
In total, the value of transactions conducted with the use of the NSD鈥檚 collateral management services stood at RUB 12.7 trillion (US$197 billion), beating Q3 2014鈥檚 RUB 11.6 trillion by 11 percent.
The value of over-the-counter repo transactions processed by the NSD stood at RUB 17.2 trillion (US$267 billion) during Q3 2015.
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