NSD Conducts Stress Test of Its Depository System
OREANDA-NEWS. November 27, 2012. National Settlement Depository (NSD), Russia's central securities depository, reports that it has completed successfully stress testing of its depository information system. The test was conducted to check the system’s efficiency under increased load levels. The expected rise of load levels will be mostly attributable to NSD’s new functions as the central securities depository, as well as with transfer of DCC’s assets and services to NSD following integration of the two depositories which is to be completed soon. According to the plan, the CSD nominee holder accounts are to be opened at securities holders’ registers. As a consequence, major transfers of assets to NSD’s account will take place, and the number of transactions will increase significantly.
The stress test revealed that the company’s system can carry a load 3-10 times more than the current load level at maximum use by customers and counterparties (depending on the type of transactions).
The testing was conducted in a secure environment with software and hardware configurations equivalent to the company’s existing corporate system.
On the basis of the test’s results the company has developed a plan aimed at improvement of the reliability and efficiency of its information systems. After taking all measures planned, NSD will conduct another test and inform securities market participants and other stakeholders about its outcome.
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