The Bank of Russia becomes a trading participant on the MICEX Stock Exchange.
The latest versions of the “Rules of Trading in Securities on the MICEX Stock Exchange” and the “Rules for Admission to Trading on the MICEX Stock Exchange” were approved by the Board the MICEX SE on 6 November 2008, and registered by the Federal Financial Markets Service of the Russian Federation on 9 December 2008. Both documents took effect on 15 December 2008.
The Rules for Admission to Trading establish the procedure for including the Bank of Russia as trading participant and its admission to trading.
The Rules of Trading in Securities provide for two new trading modes in which repos with the Bank of Russia will be transacted on the MICEX Stock Exchange: trading mode “Repo with the Bank of Russia: Repo Auction” and “Repo with the Bank of Russia: Fixed Rate”. In these trading modes, repos will be transacted in securities included on the Bank of Russia’s Lombard List. To be able to conclude transactions in the above-mentioned trading modes, participants in trading must sign the General Agreement with the Bank of Russia.
L.D.