Propelling Eurobond settlement

AO UniCredit Bank
Fri, 29/01/2016

Moscow Exchange switches to a T+2 settlement cycle for on-exchange trading in Eurobonds.                                                
                                                                                           
The Moscow Exchange has announced that on-exchange trading in sovereign Eurobonds, corporate Eurobonds and Russian bonds denominated in USD will be moved to the T+2 trading regime with partial prefunding and postponed settlement starting from 25 January 2015.

The instruments will be available for the T+2 central order book, central counterparty negotiated trades with partial prefunding and negotiated trades mode. Eurobonds will be traded during opening and closing auctions within the T+2 central order book trading regime.

The changes do not affect Eurobonds denominated in other currencies admitted to trading with the ‘T0’ trading cycle.

With the launch of the T+2 regime for Eurobonds denominated in USD transaction volumes will increase due to partial prefunding. The liquidity of the Eurobond market as a whole is expected to improve.

Contact:
Yuliya Shibukova
Relationship Manager
Global Securities Services Russia
Yuliya.Shibukova@unicredit.ru