Boosting trading volumes in fixed income

AO UniCredit Bank
Tue, 31/12/2019

MOEX transferring corporate bonds and MinFin Eurobonds to T+1 settlement cycle                                      


Back in September the Moscow Exchange (MOEX) announced that, in accordance with the recommendations of the MOEX Fixed-Income Securities Committee, the settlement regime for RUB-traded Eurobonds issued by the Ministry of Finance and for corporate bonds would be switched from T+0 to T+1.

By 25 November, the 257 most liquid ISIN securities were transferred to the T+1 cycle. MOEX plans to complete the migration of all corporate bonds by the end of the second quarter of 2020.

MOEX expects that this initiative will contribute to an increase in trading volumes in the fixed income market due to the application of the partial pre-funding rules being a feature of the T+1 mode.

Artemy Khaustov, Senior Relationship Manager, GSS Russia