MICEX Group to Introduce New Services Aimed At Russia's Integration into International Market at SIBOS 2010

07 October 2010
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MOSCOW – MICEX, NDC and MICEX SH will take part in SIBOS 2010, the biggest international forum of financial market participants.

Ruben Aganbegyan, President, MICEX, is to speak at the plenary session "Transforming Moscow into an International Financial Centre: What Will It Take?" dedicated to formation of the international financial center in Moscow. The session will be held on 26 October at 9am.

Eddie Astanin, Director General, NDC, is to present his report at the session "Eastern European Securities Markets: Opening up to the International Community". The session will be carried out on 28 October at 9am.

MICEX Group also invites forum delegates to attend a special session dedicated to the newest services and Russia's integration into international market. The name of the session is "Russian Financial Infrastructure on the Way of Integration". It will be moderated by Simon Thomas, CEO, Thomas Murray. The session is to be conducted on 26 October from 4 to 5 pm in the Community room 2 (G104-105).

The session's speakers list includes:

  • Oleg Perestenko, Deputy Director, The Bank of Russia payment system’s regulation, management and monitoring department: "BESP (Russian RTGS) implementation: up-to-date state and development perspectives"
  • Nikolay Egorov, Senior Vice President, MICEX: "New Services and Integration into International Market (Central Counterparty, New Technologic and Operating Tasks)"
  • Eddie Astanin, Director General, Chairman of Directorship, NDC: "Results of Cash and Securities Settlements United into a Sole Framework; New Settlement Services and Prospect Projects Aimed at Infrastructural Integration"
  • Sergey Sukhinin, Chairman of the Executive Board, MICEX SH: “Enhancement of interoperability  between the MICEX’s payments system and Bank of Russia’s RTGS (BESP); Cross-border DVP settlements: implementation and challenges
  • Sergey Pakhomov, Chairman, State Debt Committee City of Moscow: Closing address.

The reception is to follow the session; it will begin at 5pm at MICEX Group's stand A649.

The organizers of the session "Russian Financial Infrastructure on the Way of Integration" ask SIBOS delegates interested in participation in the session and MICEX Group reception to confirm their interest at the following website: http://roadshow.micex.ru .

About SIBOS

SIBOS, an international forum organized by SWIFT, is to be held in Amsterdam on 25-29 October. Over 7,000 financial specialists will visit the event in order to discuss various issues of new technologies, processes, efficiency and data protection. More information about SIBOS is available at  www.SWIFT.com

About MICEX Group

The MICEX Group is an integrated exchange that provides services related to electronic trading, clearing, settlements as well as depository and information services. The Group is comprised of the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Centre, commercial bank National Clearing Centre, regional exchange and settlement centers, as well as other organizations. The Group serves over 2300 participants in the on-exchange market – leading Russian banks and broker companies from Moscow and other large financial and industrial centers of Russia. At present, the MICEX Group is the largest exchange in Russia, the CIS, Central and Eastern Europe.
In terms of the volumes of on-exchange trading in securities, the MICEX Stock Exchange is among the worlds’ top 20 stock exchanges.

About the MICEX SH

The MICEX Settlement House (MICEX SH) is Russia’s largest non-banking credit institution specializing in providing settlement services to participants in financial markets of the Russian Federation. MICEX SH provides settlement services that meet present-day requirements for efficiency, continuity and operational reliability. In accordance with agreements concluded between MICEX SH and the Bank of Russia, MICEX SH acts as a settlement center for the organized securities market.

Services provided by the MICEX SH are in high demand. Its clients number more than 890 major banks and financial companies from various regions of Russia, such as Sberbank, GPB (OJSC), Vnesheconombank, JSC VTB Bank, financial companies Troika Dialog and BCS Ltd., major foreign financial institutions subsidiaries, including CB “J.P. Morgan Chase Bank”(LLC), ZAO Citibank, Deutsche Bank Ltd., ZAO UniCredit Bank, ZAO Raiffeisenbank, Russian and foreign exchanges, the largest international brokerage company subsidiary “Cargill Yug. Ltd.” and other organizations.

For further information about MICEX SH: http://www.micex.ru/group/settlementhouse/

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

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