Transaction payments on REPO trades with Bank of Russia

To the attention of the securities market clearing members.

At this moment, payments on REPO trades with Bank of Russia are transferred with liabilities/claims on the second REPO part.

On 25 September 2023, it is planned to start transferring payments on REPO trades with Bank of Russia with transactions. Payments on such trades are transferred only for securities for which payment through NSD is provided.
Notification on amendment of REPO trade parameters because of coupon payment and/or principal payment (amortization) for bonds SEM26 is not provided on such operations.

Principal liabilities payments and Claims receipts appears on the TRAD board in the securities market trading system.

Principal liabilities payments / Claims receipts:
· are displayed in EQM98 Report on principal liabilities payment / claims receipt
· are displayed in CCX99 Report on cash flow in the context of trades
· are not displayed on EQM06 reports on trades included into clearing · are not included into clearing pools and net values displayed in EQM23 Report on obligation under T+ trades and EQM13 Report on net liabilities and net claims.

Information on REPO trades concluded with Bank of Russia is included into EQM98 report with TradeType = "5". Information on payment is included into EQM98 report after it has been received from NSD.

In the CCX99 Report on cash flow:
The PURPOSE_PAYMENT field filled in the specific format: TRADENO:[trade number], CAREF:[corporate action reference], FIRMID:[identifier of Bank of Russia]
The CODETYPE field contents operation code value for payment return on REPO trades with Bank of Russia: CODETYPE = 264 for an account held in NCC and CODETYPE = 268 for an account held in NSD.