Decisions of the Moscow Exchange's Committees

On November 03, 2012 the joint meeting of the Moscow Exchange Committee and the CJSC MICEX Stock Exchange Committee was held.

The Committees discussed the results of the Moscow Exchange Group Treasury work regarding investing the Trading Participants' funds and took into consideration the information on the principles of investments of temporarily free cash aimed at getting interest-rate profit by the Group. The members of the Committees were informed of the Group's assets and liabilities, its credit and market risks, the instruments used and the dynamics of performance indicators. The Committees decided to establish a working group to elaborate recommendations for the Moscow Exchange Group regarding the investment policy statements.

The members of the Committees were informed of the key points of the repository project, in particular, of the NSD's filing an application to the FFMS to obtain the repository status. The use of the repository service by the participants of the financial markets will allow applying in the future the "liquidation netting" service for a wide range of transactions which is an important step in developing the Russian financial market. Within the framework of the project, the Committees' members discussed the central repository fee policy.  In followup of the meeting it was recommended to elaborate the NSD's fee policy in regards to the repository service together with the specialized users committee, and discuss the project at one of the next joint meetings.

The members of the Committees were informed of the T+n project development and the basic principles of the Exchange's IT-policy. In view of the newly established central depository (the NSD) unified with the DCC and the launch of the repository service, the Committees recommended that NSD's management should introduce the basic principles of NSD's IT strategy at one of the next meetings.  

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