Transcript MICEX Settlement House as settlement services provider

MICEX Settlement House
as settlement services
provider
MICEX Settlement House
ownership structure
MICEX - 88,71 %
Eurofinance-Mosnarbank 3,874
UniCredit Bank - 3,6%
Savings Bank of Russia 2,267%
Other shareholders
Main financial figures
as of 01 April 2009
(in millions)
 Total assets – RUB 133 798 (USD 3 946)
 Equity – RUB 2 930 (USD 86)
 Funds with the Bank of Russia and on correspondent accounts
with prime foreign banks - RUB 117 586 (USD 3 468)
 Daily average turnover through correspondent account
with the Bank of Russia – RUB 489 559 (USD 14 439)
 Daily average turnover through customers’ accounts – RUB 324 100 (USD
9 560 )
MICEX Settlement House
business profile
 MICEX SH is one of the basic infrastructures of trade business,
since 1997 effecting settlements at all MICEX markets, such as:
 State securities market
 Corporate securities market
 Foreign exchange market
 Derivatives market
 MICEX SH provides to its customers full range of settlement
services in Russian rubles and foreign currencies
 To date the number of MICEX SH’s customers achieved
805 organizations
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 thus does not carry any credit 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. In April 2009 daily
average turnover of MICEX SH’s correspondent account with the
Bank of Russia for transactions with use of BESP system amounted
to 109 bln. Rubles (3,3 bln. US Dollars)
 On the basis of co-operation between MICEX and ICAP, non-Russian
banks, accessing MICEX/EBS, are offered to open RUB
correspondent accounts with MICEX SH to be primary used for RUB
settlements under MICEX/EBS trades , where MICEX SH will provide
simple RUB settlement instruction input and organize STP
Contact details of MICEX Settlement House
 1/13 Sredny Kislovsky Pereulok, building 8, Moscow 125009,
Russia

tel: +7 095 705 96 19, fax: +7 095 745 81 22
SWIFT: MICURUMM
Теlex: 485391, 485393 MICU RU

http://www.micex.ru/group/settlementhouse/portrait
@
[email protected]
Thank you
for your attention!