Eurobonds to be admitted to repo with the central counterparty ("CCP")

As of 22 December 2014, Moscow Exchange has admitted 55 Eurobonds from the Bank of Russia's Lombard list with a "BBB-", or higher, rating to repo with the CCP (in trading modes "Repo with the CCP: anonymous orders" and 'Repo with the CCP: non-anonymous orders").

This means that repo with the CCP is now available for all OFZs, as well as for more than 50 stocks, 130 corporate bonds and 55 Eurobonds.

Since May 2014, Eurobonds have been admitted to repo with the Bank of Russia. Since June 2014, they have also been admitted to interdealer repo.

Money Market Managing Director Igor Marich said:

"Repo with the CCP has rapidly achieved a dominant position over other money market segments, with trading volumes growing strongly since its launch in February 2013. In the current financial market conditions, this is an important mechanism allowing liquidity to be re-allocated between market participants. The admission of Eurobonds to repo with the CCP has provided additional opportunities to manage liquidity by mitigating against the absence of other fundraising tools.

"We plan to add new names to the list of securities available for repo, offer longer maturities and settlement in foreign currency for CCP repo."

In December, the average daily volume of repo transactions with the CCP reached a record RUB 152 bln, up 400% YOY. In November, the volume was RUB 2.7 trln: RUB 1.6 trln for stocks and RUB 1.1 trln for bonds. Over 250 brokers were involved in repo transactions with the CCP.

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