Deposits with the Central counterparty (CCP)
![](https://fs.moex.com/f/8023/6.png)
DIRECT DEPOSITS WITH THE CCP
for companies not authorised to make transaction as a professional
securities market participant
BBBCCP NCC's rating is above |
Qualified CCPNCC is a qualifying and systemically |
RUB 1.0 trillionDaily volume transacted with the CCP |
PRODUCT ADVANTAGES
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Transparency |
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Efficiency |
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Availability |
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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
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 | |
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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