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MICEX Settlement House as settlement services provider.

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Presentation on theme: "MICEX Settlement House as settlement services provider."— Presentation transcript:

1 MICEX Settlement House as settlement services provider

2 MICEX Settlement House ownership structure

3 Main financial figures as of 01 April 2009 Main financial figures as of 01 April 2009 (in millions) Total assets – RUB (USD 3 946) Equity – RUB (USD 86) Funds with the Bank of Russia and on correspondent accounts with prime foreign banks - RUB (USD 3 468) Daily average turnover through correspondent account with the Bank of Russia – RUB (USD ) Daily average turnover through customers accounts – RUB (USD )

4 MICEX Settlement House business profile MICEX SH is one of the basic infrastructures of trade business, since 1997 effecting settlements at all MICEX markets, such as: State securities market Corporate securities market Foreign exchange market Derivatives market MICEX SH provides to its customers full range of settlement services in Russian rubles and foreign currencies To date the number of MICEX SHs customers achieved 805 organizations

5 Settlements Safety and Reliability MICEX SH is a financial institution specializing in settlements MICEX SH maintains obligatory liquidity ratio at the minimum level of 100%, does not effect any investment activity thus does not carry any credit risks Back-up procedures are in place for all data E-documents exchange is protected by certified encryption mechanism Alternative communications channels are provided Settlement procedures are fully automated

6 Wide network of LORO correspondent banks in Russia Payments within MICEX SHs LORO-network are effected in real-time mode Currently 467 Russian FIs and foreign banks subsidiaries are keeping their RUB bank accounts with MICEX SH

7 Operational advantages MICEX SH is direct participant of BESP system. In April 2009 daily average turnover of MICEX SHs correspondent account with the Bank of Russia for transactions with use of BESP system amounted to 109 bln. Rubles (3,3 bln. US Dollars) On the basis of co-operation between MICEX and ICAP, non-Russian banks, accessing MICEX/EBS, are offered to open RUB correspondent accounts with MICEX SH to be primary used for RUB settlements under MICEX/EBS trades, where MICEX SH will provide simple RUB settlement instruction input and organize STP

8 Contact details of MICEX Settlement House 1/13 Sredny Kislovsky Pereulok, building 8, Moscow , Russia tel: , fax: SWIFT: MICURUMM Теlex: , MICU RU

9 Thank you for your attention!


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