NSD working with Sberbank on triparty repo transactions
08 December 2017 Moscow
Image: Shutterstock
Sberbank is using the National Settlement Depository (NSD), Russia鈥檚 central securities depository (CSD), to provide collateral management services for interdealer repo transactions, backed by NSD鈥檚 triparty services.
Andrey Shemetov, vice president of head of the global markets department at Sberbank CIB, suggested that employing complex solutions for collateral management 鈥渕ay be in the bank鈥檚 interest as they allow us to increase our operating margins and to raise the competitiveness of our products and services in general鈥�.
Alina Akchurina, managing director of collateral management and tri-party services at NSD, added: 鈥淪berbank and other players on the repo market were deeply involved in the new service development process. We consider this a crucial factor in driving demand for this service.鈥�
She added: 鈥淣SD鈥檚 tri-party services are one element in a broad range of services offered by the Moscow Exchange Group to its clients in different financial market segments.鈥�
The deal follows NSD鈥檚 announcement that it has partnered with Bloomberg to launch a new collateral management service for over-the-counter repo transactions, in March.
Andrey Shemetov, vice president of head of the global markets department at Sberbank CIB, suggested that employing complex solutions for collateral management 鈥渕ay be in the bank鈥檚 interest as they allow us to increase our operating margins and to raise the competitiveness of our products and services in general鈥�.
Alina Akchurina, managing director of collateral management and tri-party services at NSD, added: 鈥淪berbank and other players on the repo market were deeply involved in the new service development process. We consider this a crucial factor in driving demand for this service.鈥�
She added: 鈥淣SD鈥檚 tri-party services are one element in a broad range of services offered by the Moscow Exchange Group to its clients in different financial market segments.鈥�
The deal follows NSD鈥檚 announcement that it has partnered with Bloomberg to launch a new collateral management service for over-the-counter repo transactions, in March.
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