NSD Securities Turnover and Cash Accounts Turnover Grow Up to Record RUB95.9 Trillion and RUB239.6 Trillion Respectively for 2011
Poster: SySAdmin
Posted on January 25, 2012 at 10:28:02 AM
NSD Securities Turnover and Cash Accounts Turnover Grow Up to Record RUB95.9 Trillion and RUB239.6 Trillion Respectively for 2011
MOSCOW, January 25, 2012/PRNewswire/ --
National Settlement Depository (NSD), Russia's only settlement depository servicing
the full range of debt and equity securities of Russian issuers, has summed up its
operating results for 2011.
NSD's customers' cash accounts turnover and its securities turnover (the market value
of securities transferred in inventory operations) for 2011 reached record figures:
RUB239.6 trillion and RUB95.9 trillion correspondingly. It is 37.4% and 41.5% more than
for 2010 (RUB174.4 trillion and RUB67.7 trillion respectively).
Eddie Astanin, Chairman of the Executive Board, NSD, said:
"In general we are happy with the results of our operations, as 2011 was the first
year of NSD's full functioning after integration of NDC and MICEX SH. We consider our high
customers' satisfaction index as one of the most important factors in 2011. It became a
benchmark for NSD for 2012."
Cash settlements
Cash settlements on MICEX Group's markets at the market closing prices
In 2011 the aggregate turnover of trading accounts for provision of settlements
between participants in MICEX Group's on-exchange markets amounted to RUB150.7 trillion,
including:
- on stock exchange market: RUB81.33 trillion (31% growth against 2010);
- on governmental securities market: RUB29.9 trillion (increased by 49.7% against
2010);
- on derivatives market : RUB1.637 trillion (decreased by 26% against 2010)
Operations held via the Bank of Russia's settlement network
In 2011 the turnover of NSD's correspondent account with the Bank of Russia increased
by 58.2% against the previous year reaching RUB255.6 trillion.
The number of payments conducted via NSD's correspondent account with the Bank of
Russia for 2011 increased by 27.4% in comparison with 2010 (683,940 payments).
In 2011 the turnover of NSD's correspondent account with the Bank of Russia using its
RTGS system, Banking Electronic Speedy Payments (BESP) system rose by 82.6% against 2010
and reached RUB162.3 trillion.
The number of executed payments conducted via NSD's correspondent account with the
Bank of Russia using the BESP system grew almost four fold amounting to 82,555 payments.
A significant increase in the number of operations conducted using the BESP is mainly
caused by technologic improvement of the software and enhancement of the settlement
services in the course of conducting of payments through the system.
Securities safekeeping and servicing
The value of securities in depository accounts opened with NSD increased 5.5%
amounting to RUB8.139 trillion (as of 31 December, 2011) compared with the 2010 figure of
RUB7.718 trillion. The market value of Russian issuers' shares on deposit with NSD as of
31 December, 2011, reduced by 9.1% due to crisis situation in financial markets (MICEX
Index dropped 16.9% for the reporting period). Increase in aggregate nominal value of
corporate and regional bonds on deposit with NSD for 2011 was 10.7% and reached RUB3.328
trillion; nominal value of Eurobonds on deposit with NSD grew by 29.8% to RUB205 billion,
and UIT units' value grew by 97.1% reaching RUB111.554 billion.
The total number of securities on deposit with NSD grew by 27.1% from 2.02 trillion as
of 31 December, 2010, to 2.56 trillion as of 31 December, 2011. The number of inventory
operations for 2011 did not change against 2010; it reached 2,724,947 operations.
The number of issuers which securities were serviced by NSD amounted to 2,060; this is
30.8% more against 2010. The total number of securities issues serviced by NSD in 2011
reached 4,193; it makes 28.3% growth against the data as of 31 December, 2010. At the same
time the number of foreign issuers' Eurobonds serviced by NSD increased by 83.2% reaching
524. The number of foreign issuers' shares serviced by NSD grew from 19 to 179 issues as
of 31 December, 2011. Number of depository accounts for 2011 amounted to 2,065 accounts
including accounts opened by legal entities-non-residents; this is 8.6% growth since the
beginning of 2011.
The value of DVP transactions held by the participants in OTC market using NSD's
correspondent accounts opened with Clearstream and Euroclear for 2011 reached RUB96.066
billion; this is 74% more than for 2010 (RUB55.206 billion). In 2011 the number of DVP
transactions conducted increased by 60.4% against 2010 and amounted to 1,054 operations;
1,024 of them were represented by operations with bonds, 24 of them were conducted with
shares. 968 operations were held with bonds in US dollars.
The value of NSD's internal DVP operations held in 2011 17.4% grew against 2010 from
RUB37.2 billion to RUB43.7 billion. The number of NSD's internal DVP operations conducted
in 2011 dropped 25.7% compared with the same indicator a year earlier (from 315 to 234
operations).
NSD remains the leading Russian paying agent on corporate and regional bonds. As of 31
December, 2011, its share in the market of paying agent's services was 41.73% on basis of
all number of corporate and regional securities issues in circulation, and 44.54% based on
the number of issuers of corporate and regional securities in circulation. For 2011 NSD
being a paying agent accepted for servicing 110 bond issues of 56 issuers. As of 1
January, 2012, the total number of bond issues serviced by NSD as a paying agent amounted
to 338 issues of 159 issuers.
For 2011 NSD made 767 payments as income on corporate and regional bonds and on the
Bank of Russia's bonds for a total sum of RUB1.35 trillion (this is by 1.4% more than for
the same period of 2010 - 651 payments for RUB1.331 trillion). The company also paid
RUB18.88 billion as income on registered securities (dividends, UITs income, revenues from
repurchase of shares); this is by 10.4% more than the same indicator for 2010 (RUB17.105
billion).
The sum of Eurobonds' coupon and maturity payments for 2011 amounted to:
- Ruble payments: RUB3.914 billion
- Euro payments: EUR54.143 million
- US dollar payments: US$548 million
- British pound payments: GBP3,700
Being Russia's National numbering agency, NSD assigns ISIN and CFI codes to Russian
financial instruments, submits information about assigned codes to the international
database and updates the international database with regard to Russian ISIN and CFI codes.
For 2011, NSD assigned international ISIN and CFI codes to 995 Russian financial
instruments and withdrew ISIN codes from 409 Russian securities.
In 2008 the Federal Financial Markets Service's Provision for Foreign Financial
Instruments as Securities approved by FFMS Order #07-105/pz-n of Oct. 23, 2007, came into
effect. According to this document NSD, acting as a member of Association of National
Numbering Agencies (ANNA), provides services related to qualification of foreign financial
instruments as securities to stock market participants.
For all the time of contributing to qualification of foreign financial instruments,
NSD received and processed 55,504 requests on ISIN and CFI codes of foreign financial
instruments (including requests on the same instrument sent by different clients). By the
end of 4Q 2011 information about 20,737 instruments was provided to the market
participants; out of them 17,396 instruments conform to the FFMS qualification
requirements.
Note
Value of securities held in NSD accounts is an operational indicator which does not
include the market value of other assets held in issuers' accounts. The value of shares
and units of Unit Investment Trusts is based on market value, and the value of bonds is
based on nominal value.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a
part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of
debt and equity securities of Russian issuers and providing settlement services to
participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of
corporate bond issues, sub-federal and municipal bond issues. It services 100% of
transactions conducted in the federal bond and the Bank of Russia bond markets, more than
99% of transactions conducted in the corporate and regional bond markets, the majority of
transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts
as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the
CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru, or NSD Public Affairs
Division: +7-495-232-0910, pr@ndc.ru
Follow us on Twitter: http://twitter.com/NSD_News
Source: NSD Public Affairs Division
MOSCOW, January 25, 2012/PRNewswire/ --
National Settlement Depository (NSD), Russia's only settlement depository servicing
the full range of debt and equity securities of Russian issuers, has summed up its
operating results for 2011.
NSD's customers' cash accounts turnover and its securities turnover (the market value
of securities transferred in inventory operations) for 2011 reached record figures:
RUB239.6 trillion and RUB95.9 trillion correspondingly. It is 37.4% and 41.5% more than
for 2010 (RUB174.4 trillion and RUB67.7 trillion respectively).
Eddie Astanin, Chairman of the Executive Board, NSD, said:
"In general we are happy with the results of our operations, as 2011 was the first
year of NSD's full functioning after integration of NDC and MICEX SH. We consider our high
customers' satisfaction index as one of the most important factors in 2011. It became a
benchmark for NSD for 2012."
Cash settlements
Cash settlements on MICEX Group's markets at the market closing prices
In 2011 the aggregate turnover of trading accounts for provision of settlements
between participants in MICEX Group's on-exchange markets amounted to RUB150.7 trillion,
including:
- on stock exchange market: RUB81.33 trillion (31% growth against 2010);
- on governmental securities market: RUB29.9 trillion (increased by 49.7% against
2010);
- on derivatives market : RUB1.637 trillion (decreased by 26% against 2010)
Operations held via the Bank of Russia's settlement network
In 2011 the turnover of NSD's correspondent account with the Bank of Russia increased
by 58.2% against the previous year reaching RUB255.6 trillion.
The number of payments conducted via NSD's correspondent account with the Bank of
Russia for 2011 increased by 27.4% in comparison with 2010 (683,940 payments).
In 2011 the turnover of NSD's correspondent account with the Bank of Russia using its
RTGS system, Banking Electronic Speedy Payments (BESP) system rose by 82.6% against 2010
and reached RUB162.3 trillion.
The number of executed payments conducted via NSD's correspondent account with the
Bank of Russia using the BESP system grew almost four fold amounting to 82,555 payments.
A significant increase in the number of operations conducted using the BESP is mainly
caused by technologic improvement of the software and enhancement of the settlement
services in the course of conducting of payments through the system.
Securities safekeeping and servicing
The value of securities in depository accounts opened with NSD increased 5.5%
amounting to RUB8.139 trillion (as of 31 December, 2011) compared with the 2010 figure of
RUB7.718 trillion. The market value of Russian issuers' shares on deposit with NSD as of
31 December, 2011, reduced by 9.1% due to crisis situation in financial markets (MICEX
Index dropped 16.9% for the reporting period). Increase in aggregate nominal value of
corporate and regional bonds on deposit with NSD for 2011 was 10.7% and reached RUB3.328
trillion; nominal value of Eurobonds on deposit with NSD grew by 29.8% to RUB205 billion,
and UIT units' value grew by 97.1% reaching RUB111.554 billion.
The total number of securities on deposit with NSD grew by 27.1% from 2.02 trillion as
of 31 December, 2010, to 2.56 trillion as of 31 December, 2011. The number of inventory
operations for 2011 did not change against 2010; it reached 2,724,947 operations.
The number of issuers which securities were serviced by NSD amounted to 2,060; this is
30.8% more against 2010. The total number of securities issues serviced by NSD in 2011
reached 4,193; it makes 28.3% growth against the data as of 31 December, 2010. At the same
time the number of foreign issuers' Eurobonds serviced by NSD increased by 83.2% reaching
524. The number of foreign issuers' shares serviced by NSD grew from 19 to 179 issues as
of 31 December, 2011. Number of depository accounts for 2011 amounted to 2,065 accounts
including accounts opened by legal entities-non-residents; this is 8.6% growth since the
beginning of 2011.
The value of DVP transactions held by the participants in OTC market using NSD's
correspondent accounts opened with Clearstream and Euroclear for 2011 reached RUB96.066
billion; this is 74% more than for 2010 (RUB55.206 billion). In 2011 the number of DVP
transactions conducted increased by 60.4% against 2010 and amounted to 1,054 operations;
1,024 of them were represented by operations with bonds, 24 of them were conducted with
shares. 968 operations were held with bonds in US dollars.
The value of NSD's internal DVP operations held in 2011 17.4% grew against 2010 from
RUB37.2 billion to RUB43.7 billion. The number of NSD's internal DVP operations conducted
in 2011 dropped 25.7% compared with the same indicator a year earlier (from 315 to 234
operations).
NSD remains the leading Russian paying agent on corporate and regional bonds. As of 31
December, 2011, its share in the market of paying agent's services was 41.73% on basis of
all number of corporate and regional securities issues in circulation, and 44.54% based on
the number of issuers of corporate and regional securities in circulation. For 2011 NSD
being a paying agent accepted for servicing 110 bond issues of 56 issuers. As of 1
January, 2012, the total number of bond issues serviced by NSD as a paying agent amounted
to 338 issues of 159 issuers.
For 2011 NSD made 767 payments as income on corporate and regional bonds and on the
Bank of Russia's bonds for a total sum of RUB1.35 trillion (this is by 1.4% more than for
the same period of 2010 - 651 payments for RUB1.331 trillion). The company also paid
RUB18.88 billion as income on registered securities (dividends, UITs income, revenues from
repurchase of shares); this is by 10.4% more than the same indicator for 2010 (RUB17.105
billion).
The sum of Eurobonds' coupon and maturity payments for 2011 amounted to:
- Ruble payments: RUB3.914 billion
- Euro payments: EUR54.143 million
- US dollar payments: US$548 million
- British pound payments: GBP3,700
Being Russia's National numbering agency, NSD assigns ISIN and CFI codes to Russian
financial instruments, submits information about assigned codes to the international
database and updates the international database with regard to Russian ISIN and CFI codes.
For 2011, NSD assigned international ISIN and CFI codes to 995 Russian financial
instruments and withdrew ISIN codes from 409 Russian securities.
In 2008 the Federal Financial Markets Service's Provision for Foreign Financial
Instruments as Securities approved by FFMS Order #07-105/pz-n of Oct. 23, 2007, came into
effect. According to this document NSD, acting as a member of Association of National
Numbering Agencies (ANNA), provides services related to qualification of foreign financial
instruments as securities to stock market participants.
For all the time of contributing to qualification of foreign financial instruments,
NSD received and processed 55,504 requests on ISIN and CFI codes of foreign financial
instruments (including requests on the same instrument sent by different clients). By the
end of 4Q 2011 information about 20,737 instruments was provided to the market
participants; out of them 17,396 instruments conform to the FFMS qualification
requirements.
Note
Value of securities held in NSD accounts is an operational indicator which does not
include the market value of other assets held in issuers' accounts. The value of shares
and units of Unit Investment Trusts is based on market value, and the value of bonds is
based on nominal value.
About NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a
part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of
debt and equity securities of Russian issuers and providing settlement services to
participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of
corporate bond issues, sub-federal and municipal bond issues. It services 100% of
transactions conducted in the federal bond and the Bank of Russia bond markets, more than
99% of transactions conducted in the corporate and regional bond markets, the majority of
transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts
as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the
CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru, or NSD Public Affairs
Division: +7-495-232-0910, pr@ndc.ru
Follow us on Twitter: http://twitter.com/NSD_News
Source: NSD Public Affairs Division