Transcript MICEX Settlement House as settlement services provider

MICEX Settlement House
As Major Settlement
Services Provider
MICEX Settlement House
business profile
 MICEX SH is one of the basic infrastructures of trade business,
since 1997 effecting settlements on all MICEX markets, such as:
 State securities market
 Corporate securities market
 Foreign exchange market
 Derivatives market
 MICEX SH provides its customers with a full range of settlement
services in Russian rubles and in foreign currencies
 The number of MICEX SH’s customers achieved 839 organizations
Main financial figures
as of 01 October 2009
 Average annual total assets – RUB 128.3 bln
 Average annual customers’ funds – RUB 125.0 bln
 Average annual equity – RUB 3.2 bln (RUB 3197.8 mln)
 Average annual balances with the Bank of Russia and foreign prime banks RUB 122.4 bln
 Average turnover through account with the Bank of Russia in the previous 6
months – RUB 905.7 mln
 Average turnover through customers’ accounts in the previous 6 months –
RUB 1178.4 mln
Settlements Safety and Reliability
 MICEX SH is a financial institution specializing in settlements
 MICEX SH maintains obligatory liquidity ratio at the minimum level of 100%, does not
effect any investment activity and thus does not carry any credit or other market risks
 Back-up procedures are in place for all data
 E-documents exchange is protected by certified encryption mechanism
 Alternative communications channels are provided
 Settlement procedures are fully automated
Wide network of LORO
correspondent banks in Russia
 Payments within MICEX SH’s LORO-network are effected in
real-time mode
 Currently 467 Russian FIs and foreign banks’ subsidiaries are
keeping their RUB bank accounts with MICEX SH
Operational advantages
 MICEX SH is direct participant of BESP system
 A technological solution providing simplified RUB
settlement instruction input for non-Russian banks and
organize STP for these settlements is being developed by
MICEX SH
 This development is combined with an initiative for cooperation between MICEX and ICAP
Merger with NDC
Synergy effect in project realization and
service render
High capitalization
Reduction of costs
Lower operational risks
New unique opportunities of development
Diversification of transactions
Contacts
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1/13, stroenie 8, Sredniy Kislovskiy Pereulok, Moscow
125009, Russia
Administrative Office: +7 495 705 9619
Correspondent Banking Department: +7 495 745 8987
Fax: +7 495 745 8122
SWIFT: MICURUMM
Теlex: 485391, 485393 MICU RU
http://www.micex.ru/group/settlementhouse/portrait