OREANDA-NEWS. After publication of the Intention to Maintain a Contracts Register for All Types of Contracts by National Settlement Depository (NSD) on the web site of the Financial Markets Service of the Bank of Russia, NSD reports that starting 1 October 2013 it will take on the functions of a repository in respect of all types of contracts (repo contracts, derivative contracts concluded on OTC market, and other types of contracts concluded on the basis of the general agreement (unified contract)) stipulated in Paragraph 6 of Clause 51.5 of the Federal Law “On the Securities Market.”

On 1 October 2013, NSD as a sole Principal reporting agent and Reporting agent will begin transmitting data associated with the Bank of Russia's OTC repo transactions with a basket of securities concluded as a part of the general agreement entered into with the Bank of Russia, to the repository.

In accordance with the Federal Financial Markets Service's Order #11-68/pz-n dated 28 December 2011, starting 25 June 2014, participants in the Russian financial market are to submit to the repository information relating to all types of contracts. From 5 November 2013, participants in the Russian financial market are to submit to the repository data about repo and currency swap contracts in compliance with the Federal Financial Markets Service's Order #10-13/pz-n “On Approval of the Regulations on Types of Derivatives” dated 4 March 2010.

From 1 October 2013, NSD will expand the range of client interactions with the repository and will be offering two additional opportunities: access to repository services through the Repository Web-client using standard web browser or through NSD's web service allowing straight through processing using client and repository software.