NSD Begins Servicing Repos With OBR Basket

National Settlement Depository (NSD), Russia’s central securities depository, has initiated servicing of Bank of Russia repo trades as a component of the basket of Bank of Russia bonds (OBR).

The Bank of Russia placed bonds for a total sum of RUB 150 billion with a 3 months maturity. OBRs are available to Russian credit organizations only.

OBR operations are a flexible instrument for regulating bank liquidity. The OBR may be used as collateral for transactions carried out in the money market or as a tool for attracting refinancing from the Bank of Russia.

Market participants can use OBRs as collateral for Bank of Russia repos by selecting the OBR issue’s CBBR or ISIN directly in the Moscow Exchange’s trading terminal or Bloomberg terminal.

More information about services related to repos with OBR basket is available on NSD’s website at https://www.nsd.ru/ru/services/repo_br/ins/.