NSD report mixed bag for Q3 repo 28 October 2016Moscow Reporter: Drew Nicol
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Russia’s National Settlement Depository saw the value of repo transactions with the Russian Federal Treasury through its collateral management system more than double in Q3 2016.
NSD’s clearing value for the quarter exceeded RUB 10 trillion (USD 159 billion), up from RUB 4.6 trillion (USD 73.12 billion) in Q3 2015.
The depository’s recorded transactions grew to 495 from 334 year-to-year.
However, the value of NSD’s repo transactions with the Bank of Russia conducted through the depository’s collateral system dropped significantly in Q3 2016, compared to the same period in 2015.
Cleared repo between the central bank and NSD stood at RUB 3 trillion (USD 47.7 billion), down from RUB 8.1 trillion (USD 128 billion).
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