NSD Registrar of Financial Transactions (RFT)

The Registrar of Financial Transactions (RFT) is the register of legally significant information on the transactions made in marketplace perimeter. Information stored in the register of RFT will have the status of "gold record" that will allow the consumer to have legally significant confirmation of the transaction in the absence of paper agreements.

2020: Start of the registrar

The National Settlement Depositary (NSD) announced on July 21, 2020 readiness for start of the registrar of financial transactions (RFT) – a basic element of a financial marketplace. The Law "About Commission of Financial Transactions with Use of the Financial Platform" No. 211-FZ of 7/20/2020 signed on July 20, 2020, the Russian President defines the legal basis of activity of operators of electronic platforms, governs the relations according to the conclusion of transactions with banking products, services in insurance market and security market.

The financial marketplace is a service using which users will be able to make out far off financial products — for example, deposits or an insurance. It will be possible to compare and select products on financial platforms which are connected to a system.

The investor – the consumer of financial services can see information on all bargains concluded by him on the Gosuslug Portal by the principle of "one window". On demand on the Portal statements from the register will be provided to the client for use as legally significant information.

RFT is created based on a repository of NSD which executes a role of the registrar of off-exchange transactions with the derivative financial instruments and repo transactions since 2013 and is the system and significant repository accumulating more than 95% of information on the Russian market. The repository of NSD has the built processes on interaction with participants of financial market and processing of large volume of data and also the high level of information protection.

We are glad to announce readiness for commercial operation of RFT for a markepleys of financial services. RFT is a Basic Element of the entrusted environment which has high requirements to operational reliability, information security, has no conflict of interest in financial market. The NSD has trust of the market, neutrality and is systemically significant infrastructure of financial market that means the strict system of supervision and control from the Bank of Russia. It is important that clients of the Marketplace will get not only access to financial products, in particular due to removal of geographical restrictions, 24/7, but also security of the means and the unified register of financial assets, – Anastasia Kiselyova, the managing director for repository activity of NSD added.