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Russian market participants to be able to report OTC transactions with European Counterparties via NSD Repository 

November 25, 2014

National Settlement Depository (NSD), Russia’s central securities depository, a systemically important repository in the Russian market, and CME European Trade Repository Limited (ETR), the ESMA registered and regulated UK-based trade repository that is part of the multi-jurisdictional CME Global Repository Services at CME Group have announced the initiation of cooperative activities. The two repositories plan to enable Russian clients to report information about OTC cross-border transactions in compliance with EMIR1. CME Group’s ETR reports across all asset classes for all exchange traded and OTC trades under EMIR, based on robust technology and operations.

It is planned that in April 2015 Russian market participants will be able to provide information about their OTC cross-border transactions with European counterparties in accordance with the EMIR requirements using NSD repository.

Read more: FX-MM

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