It provides depository, settlement (bank account), and related services to financial market entities.
NDC gained the leading position in the Russian debt securities market, and then started growing the scope of transactions with shares, investment units, and Eurobonds.
On 6 November 2012, NSD was assigned the central securities depository (CSD) status by Russian Federal Financial Markets Service's Order No.
In 2014, the large international securities depositories Euroclear Bank and Clearstream Banking SA gained full access to the Russian securities market, thus providing non-Russian companies and investment funds with investment opportunities.
In 2014, in compliance with the FATCA requirements, NSD was registered with the U.S. Internal Revenue Service and was assigned a Global Intermediary Identification Number.
[12] NSD says it meets all of the requirements to "eligible securities depositories" and satisfies the criteria set out by Rule 17f-7 of the U.S. Investment Company Act of 1940.
In 2014, the number of cash transfers to or from clients' bank accounts held with NSD was 998.39 thousand; the total amount of RUB cash transfers to or from clients' bank accounts held with NSD was RUB 298.06 trillion; and the total amount of foreign currency cash transfers to or from clients' bank accounts held with NSD was equivalent to RUB 9.62 trillion.
NSD offers collateral management services for tri-party repo transactions with the Bank of Russia or the Russian Federal Treasury.
The DVP settlement mechanism allowed clients to settle trades both in Russian rubles and—until 2022—non-Russian currencies (USD or Euro).
NSD offers the opportunity to settle trades on a DVP basis using correspondent accounts with the Bank of Russia via the Real Time Gross Settlement System (BESP).
NSD acts as the National Numbering Agency for Russia and the Substitute Numbering Agency for the CIS countries and as such assigns ISINs and CFIs to securities or other financial instruments issued or registered in Russia or other CIS countries.