01.08.2014 18:51

New records set on Moscow Exchange repo market

Interdealer repo trading volumes in depositary receipts and foreign stocks on Moscow Exchange ("repo with shares" trading mode) were up more than 100% month-on-moth to RUB 446.2 bln in July 2014.

The total trading volume for new Russian Eurobonds on the Bank of Russia"s Lombard list which were admitted to interdealer and direct repo trading with the Central Bank of Russia (CBR) was RUB 365.8 bln. Direct repo trading in Eurobonds with the CBR rose 53% month-on-month to a record RUB 235.4 bln.

The market for repo with the Central Counterparty (CCP) continues to demonstrate sustainable trading volume growth, with a 16% month-on-month increase to a record RUB 2.2 trln in July (July 2013: RUB 255.6 bln). The average daily trading volume in July was RUB 96.2 bln. More than 230 members conducted operations in the "repo with the CCP" mode during the month.

Moscow Exchange is continually improving repo trading with the CCP. Since July 9, a modified methodology has been used to assess risks associated with corporate bonds involved in repo trades with the CCP, allowing discounts to be reduced and concentration limits to be increased for many corporate bonds that trade in these modes.

For further information, please contact the Public Relations Department at (495) 363-3232.