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National Settlement Depository (NSD)

Postal address 12, Spartakovskaya St., Moscow, 105066, Russia
Tel. +7 495 234-48-27
Fax +7 495 956-09-38

National Settlement Depository (NSD) is a key component of the Russian financial infrastructure.

As Russia's CSD, NSD provides services with respect to securities provided for by Federal Law No. 414-FZ dated 7 December 2011 "On the Central Securities Depository", as well as other Russian and foreign securities.

NSD is a member of the Moscow Exchange Group and operates from its offices in Moscow. NSD offers a wide range of services, including bank account (payment) services, registration of OTC trades (Trade Repository services), information services, liquidity management services, and IT services.

NSD is gradually growing as infrastructure for the financial market ecosystem. NSD also seeks to contribute to the national policy aimed at digitalization of Russia's economy, including the emergence of a new asset class for investors and ecosystems for ICOs and digital assets trading.

We are an active member of the global post-trade community, providing post-trade services in Russia. Thanks to our integration into the global financial systems, links with foreign depositories, and long-standing expertise, our clients can efficiently operate in foreign markets.

Documents and licenses

Maria Krasnova
Acting Chairman of the Executive Board of National Settlement Depository, Moscow, the Russian Federation

Maria Krasnova has extensive experience in the financial industry; she joined NSD in 2001 as the Head of the Legal Department until 2011. Starting 2011 Maria became a Deputy Chairman of the Executive Board.

Prior to her appointment as the Deputy CEO, Maria Krasnova has been the CEO of the Depository Clearing Company (DCC) and administered the successful merger of two settlement depositories - NSD and DCC.

In 2013-2017 Ms. Krasnova held a leading role in one of the key improvements of the Russian financial market - the Corporate Actions Reform resulted in implementation of market-wide ISO 2OO22 based electronic platform for corporate actions processing. In June 2020 the Supervisory Board of NSD appointed Maria Krasnova as the Acting Chairman of the Executive Board.

Background Summary


Lomonosov Moscow State University, 1987-1992

Higher School of Economics, Professional retraining program “Corporate Director”, qualification in the field of corporate governance, 2011

Harvard Business School, General Management Program, 2013

Professional Experience:




National Settlement Depository

Acting Chairman of the Executive Board

June 2020 – Present

National Settlement Depository

Deputy Chairman of the Executive Board

July 2013 - Present


Depository & Clearing Company


Apr 2012 – Apr 2013

National Settlement Depository

Vice President

Apr 2012 – Jun 2013

National Settlement Depository

Deputy Chairman of the Executive Board

Jul 2011 - Apr 2012

National Depository Center

Head of Legal Department

Jan 2001 – Jul 2011


    • Safekeeping
    • Settlement of on-exchange and OTC transactions (FOP,  DVP)
    • Corporate actions
    • Tax agentservices
    • Issuer Services


    • Consolidated and verified information about securities, corporate actions, instrumentsand codes: ISIN, CFI, LEI
    • Valuation center


    • Cash settlement services
    • FX services
    • Authorized currency control
    • Cash accounts maintenance


    • Collateral management (tri-party services)and cash and securities netting


    • Registration of OTC derivative and REPO trades


    • SWIFT Service Bureau
    • Connectivity
    • IT outsourcing


    • NNA in Russia andSubstituteNA for the CIS countries
    • Local Operating Unit (LOU) for the Russian market (LEI assignment and verification)

International integration is one of the key development areas for NSD. The efforts taken over the years can be classified into three main types:

  1. building relationships with the international financial community;
  2. implementing international standards;
  3. running a specialpurpose campaign to inform the global investment community about the new Russian market infrastructure configuration.

The success achieved by NSD in the international arena is acknowledged by FTSE Global Markets magazine that named NSD among twenty most influential global financial market players in 2013.

More information about International cooperation