List of services

Information product Instrument Period Price

    Terms of Data

    Deposits with the Central counterparty (CCP)

     

     

     

    DIRECT DEPOSITS WITH THE CCP

    for companies not authorised to make transaction as a professional
    securities market participant

     

     

     

    BBB

    CCP NCC's rating is above
    the Russian sovereign rating

    Qualified CCP

    NCC is a qualifying and systemically
    important central counterparty

    RUB 1.0 trillion

    Daily volume transacted with the CCP
    on the Money Market

     
     
    PRODUCT ADVANTAGES

     

       Benefits
    • Favourable deposit rates
    • Wide range of participants
    • Single central counterparty limit; no need to set and review limits for other counterparties
     
       Safety
    • Deposits with banking institution CCP NCC 
    • Settlement guarantees from the central counterparty
    • Reliable risk management processes approved by the Bank of Russia
     
      Transparency
    • Moscow Exchange is the price discovery center of the money market
    • Direct access to a competitive trading environment
    • Provision of benchmarks for money market rates
     
       Efficiency
    • Online trading; "one-click" trade execution
    • Convenient document interchange
    • An option to withdraw funds from 10:00 MSK on the repayment date
     
       Availability
    • Trading hours: 10:00-19:00
    • Competitive market making

     

     
     
    PRODUCT FEATURES

     

    • Deposit currency: RUB,CNY
    • Maturity: D1-Y1
    • Deposit transactions are made with either the CCP or the market
    • Deposit orders entered by corporates are matched with cash-driven GCC repo orders
    • Corporates enter deposit orders via MICEX Trade SE terminal
    1. Matching between a GCC repo order and a deposit order
     
     
    ADMISSION CRITERIA

     

    • Capital (section 3 of the balance sheet):> RUB 500 million
    • No signs of bankruptcy
    • Reported profit from operations (applied by the decision of the Exchange)
    • Minimum of two employees with experience in financial market operations

       Further criteria for admission to trading without the requirement for full collateral:

    • Capital (Section 3 of the balance sheet): > RUB 10 billion
    • Balance sheet total: > RUB 50 billion
    • Contribution to the Guarantee Fund: RUB 1 million
    • Quarterly reporting (monitoring of the financial position on a quarterly basis)

     

     
     
    ELIGIBILITY CRITERIA

     

    The following entities are eligible to trade deposits with the CCP:

    • Russian companies
    • Credit organisations
    • Licensed participants: insurance companies, mutual funds, joint stock investment funds, non-government pension funds

    Participants seeking admission to trading with 100% collateral required must:

    • Show no signs of insolvency;
    • Demonstrate a positive P&L (applicable as decided by the Exchange)

    Russian companies:

    • Capital (as per Section 3 of the balance sheet) of no less than RUB 1 bn;
    • At least two employees with a professional background in financial market operations;

    Further requirements for admission to trading without 100% collateral required:

    • A RUB 1 million contribution to the Guarantee Fund;
    • Providing quarterly financial statements (financial position monitoring on a quarterly basis)

    Russian companies:

    • Capital (as per Section 3 of the balance sheet) is more than RUB 10 bn;
    • The balance sheet total is more than RUB 50 bn;

    *not a trading member of the Equity & Bond Market

     

     
     
    FEES

     

    Russian companies and other licensed participants

    Flat rate       +              Volume-based fee  
    Fee schedule Fee Fee rate for RUB deposits, % per annum Fee rate for deposits in foreign currency, % per annum
    DEPO_0 - 0,16 0,16
    DEPO_400 RUB 400 000 0,11 0,11

    Trading members can switch between fee schedules every month

     
     
    MATERIALS

     

     
     
    CONTACTS

     

    money market department team
    telephone: +7-495-363-3232, ext. 5424, 5398, 5396, 5455
    email: repo@moex.com