New trading instrument on MOEX

AO UniCredit Bank
Thu, 31/03/2016

The Moscow Stock Exchange launched a new type of security named Clearing Participation Certificate on the MOEX Equity & Bond Market and Money Market.
                                                                              
The new financial instrument presented on 29 February will allow transactions to be executed against collateral of assets assigned to the National Clearing Centre (NCC).

The main features of the Clearing Participation Certificate (CPC) are the following:

  • A CPC is a non-equity security issued by the Bank National Clearing Centre (NCC) against assets contributed by a clearing firm to a combined pool; 
  • The list of eligible assets for pool contribution includes cash (EUR, USD and RUB) and bonds (OFZ, corporate bonds, Eurobonds);
  • The pool’s participants maintain their right to securities including the right on receipt of  income proceeds under securities contributed to the pool and participation in corporate events;
  • CPCs are eligible for anonymous and negotiated repos with a term of one day to three months.

Contact:
Yuliya Shibukova
Relationship Manager
GSS Russia
Yuliya.Shibukova@unicredit.ru