NSD begins servicing repos with Bank of Russia bonds
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NSD begins servicing repos with Bank of Russia bonds 23 August 2017Moscow Reporter: Jenna Lomax
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National Settlement Depository (NSD), Russia’s central securities depository, has begun using Bank of Russia repo trades as a component of the basket of Bank of Russia bonds (OBR).
OBR operations are a flexible instrument for regulating bank liquidity. The OBR may be used as
collateral for transactions, or as a tool for attracting refinancing from the Bank of Russia.
In this instance, the Bank of Russia placed bonds for a total sum of RUB 150 billion (USD 2.54 billion), with three months of maturity.
OBR operations will only be available to Russian credit organisations.
The value of repo transactions that the Russian Federal Treasury performed using the NSD collateral management system reached RUB 10.2 trillion (USD 169.9 billion) in Q2 2017.
In the same quarter, the value of repo transactions with the Bank of Russia performed using the NSD collateral management system stood at RUB 208 billion (USD 3.46 billion).
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