Russia's NSD sums up Q1 2019 Results
June 5, 2019

Russia's National Securites Depository has just published its results for the first quarter ot this year. These include the following.

In Q1 2019, the value of securities under custody reached RUB 46.2 trillion – this was a 10 percent increase as compared with the same period of 2018 (RUB 42.2 trillion). The number of foreign securities issues serviced by NSD grew 36 percent – from 9,600 to 13,100. The total number of securities issues serviced by NSD grew 22 percent – from 16,800 in Q1 2018 to 20,600 in Q1 2019.

The number of inventory operations in the CSD increased 8 percent year-on-year and reached 866,000 operations in Q1 2019 (compared with 798,000 in Q1 2018), including 676,000 exchange trade operations (+12 percent; 603,000 operations in Q1 2018) and 190,000 OTC trade operations (-3 percent; 196,000 operations in Q1 2018).

In Q1 2019, the number of OTC DVP transactions increased and amounted to 55,900; this was 4 percent more than in Q1 2018 (53,700).

In Q1 2019, one more company – VTB Capital Investment Management – began using the centralized system for record-keeping of mutual fund units (the NSD's Mutual Fund Distribution Platform). Currently, 12 brokerage companies/nominees and nine asset management companies use this service.

Turning to corporate actions, 581 meetings of securities holders were held using the E-voting technology in the quarter and 56 corporate actions to repurchase shares and seven corporate actions to exercise the pre-emptive right to purchase shares were initiated. In Q1 2019, the total value of repurchased shares reached RUB 88 billion.

In total, 3,254 corporate actions involving Russian securities were conducted in Q1 2019, 3 percent more than in the same period of the previous year (3,153 corporate actions in Q1 2018). In Q1 2019, the number of corporate actions involving foreign securities continued to grow due to the increase in the number of securities issues serviced by the NSD (from 5,549 issues in Q1 2018 to 7,564 ones in Q1 2019). The growth amounted to 36 percent.

In collateral management, in Q1 2019, the value of Federal Treasury repos conducted via the NSD's CMS amounted to RUB 5.3 trillion, 4.9 times more than in Q1 2018; the average repo maturity increased from three to seven days. Among one of the factors which resulted in the increase in the value of Federal Treasury repos was conducting repos with floating rates linked to RUONIA (ruble overnight index average). In Q1 2019, the total volume of Bank of Russia repos reached RUB 192 billion. The total number of clients connected to the CMS was 160. 

In late 2018, a single account service was launched by the Moscow Exchange Group. The new service allowed the automation of standard asset transfers between client positions in the NSD and NCC. Since the launch of the single account, 12 clients have connected to the service. In the reporting quarter, the number of automatic asset transfers using the single account service reached 573. The most popular service was the automation of securities transfers following the settlements via NSD clearing procedures to trading securities accounts opened for clearing in the NCC based on NSD infrastructure.

In Q1 2019, the number of trades registered with the NSD's Repository grew to 3.1 million (compared with 2.8 million in Q1 2018). The value of the registered transactions was 20 percent more than in the same period of 2018 – RUB 120.8 trillion (RUB 100.6 trillion in Q1 2018).





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Russia's National Securites Depository has just published its results for the first quarter ot this year. These include the following.

In Q1 2019, the value of securities under custody reached RUB 46.2 trillion – this was a 10 percent increase as compared with the same period of 2018 (RUB 42.2 trillion). The number of foreign securities issues serviced by NSD grew 36 percent – from 9,600 to 13,100. The total number of securities issues serviced by NSD grew 22 percent – from 16,800 in Q1 2018 to 20,600 in Q1 2019.

The number of inventory operations in the CSD increased 8 percent year-on-year and reached 866,000 operations in Q1 2019 (compared with 798,000 in Q1 2018), including 676,000 exchange trade operations (+12 percent; 603,000 operations in Q1 2018) and 190,000 OTC trade operations (-3 percent; 196,000 operations in Q1 2018).

In Q1 2019, the number of OTC DVP transactions increased and amounted to 55,900; this was 4 percent more than in Q1 2018 (53,700).

In Q1 2019, one more company – VTB Capital Investment Management – began using the centralized system for record-keeping of mutual fund units (the NSD's Mutual Fund Distribution Platform). Currently, 12 brokerage companies/nominees and nine asset management companies use this service.

Turning to corporate actions, 581 meetings of securities holders were held using the E-voting technology in the quarter and 56 corporate actions to repurchase shares and seven corporate actions to exercise the pre-emptive right to purchase shares were initiated. In Q1 2019, the total value of repurchased shares reached RUB 88 billion.

In total, 3,254 corporate actions involving Russian securities were conducted in Q1 2019, 3 percent more than in the same period of the previous year (3,153 corporate actions in Q1 2018). In Q1 2019, the number of corporate actions involving foreign securities continued to grow due to the increase in the number of securities issues serviced by the NSD (from 5,549 issues in Q1 2018 to 7,564 ones in Q1 2019). The growth amounted to 36 percent.

In collateral management, in Q1 2019, the value of Federal Treasury repos conducted via the NSD's CMS amounted to RUB 5.3 trillion, 4.9 times more than in Q1 2018; the average repo maturity increased from three to seven days. Among one of the factors which resulted in the increase in the value of Federal Treasury repos was conducting repos with floating rates linked to RUONIA (ruble overnight index average). In Q1 2019, the total volume of Bank of Russia repos reached RUB 192 billion. The total number of clients connected to the CMS was 160. 

In late 2018, a single account service was launched by the Moscow Exchange Group. The new service allowed the automation of standard asset transfers between client positions in the NSD and NCC. Since the launch of the single account, 12 clients have connected to the service. In the reporting quarter, the number of automatic asset transfers using the single account service reached 573. The most popular service was the automation of securities transfers following the settlements via NSD clearing procedures to trading securities accounts opened for clearing in the NCC based on NSD infrastructure.

In Q1 2019, the number of trades registered with the NSD's Repository grew to 3.1 million (compared with 2.8 million in Q1 2018). The value of the registered transactions was 20 percent more than in the same period of 2018 – RUB 120.8 trillion (RUB 100.6 trillion in Q1 2018).



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