OREANDA-NEWS. On 04 August 2008 the MICEX Group and the Not-for-profit Partnership “The National Depository Center”, Russia’s only settlement depository servicing the full range of Russian securities, announced their participation in Sibos, the world’s largest financial services event sponsored by SWIFT. For the first time at Sibos, NDC representing MICEX Group, will:

showcase the Russian financial infrastructure as well as the MICEX Stock Exchange and NDC’s service mix targeted to global financial institutions.

launch a joint road show of the Russian financial markets, which will be sponsored by the MICEX Stock Exchange and NDC.

The key themes at Sibos 2008 for the participants from Russia are how Moscow is attaining the status of an international financial centre and if the Rouble may become a global reserve currency?  Russia is aiming at scalability of stock market operations, improvements in inner and cross-border processes. That’s why Sibos can be helpful in broadening partnerships with the financial institutions worldwide and, thus, gaining better insight of the Russian financial infrastructure in the European and global markets.

The special Program for Russia and CIS will be conducted on the 16-th of September, 2008. Discussion will run in the framework of three sections covering the following questions: Can the Rouble become a global reserve currency? What is the future best practice for the securities market in Russia and CIS? Where will the major financial centres be in 2013? Representatives of MICEX Group will participate and speak during the Program.    

On the 16-th of September, 2008, at 5p.m., Alexey Rybnikov, the CEO, MICEX Stock Exchange, and Nikolay Egorov, Director, NDC, will present the Program of the International Road Show on the Russian market (Investor’s Days). The presentation will take place at the NDC’s stand B514.

During the week of Sibos NDC will also distribute a free electronic practical guide: “Gateway to the Russian market”. This will provide banks and their corporate customers with an accessible reference tool to aid institutional investors and funds’ planning and decision-making. Copies of the guide will be available at NDC’s stand. MICEX Group will be represented by the MICEX President Alexander Potemkin, the CEO of MICEX Stock Exchange Alexey Rybnikov, the NDC’s Director Nikolay Egorov and other respected representatives.

Sibos, the world's premier financial services event, takes place from September 15 to September 19 in Vienna. It is expected to attract more than 7,000 payments, securities, treasury and trade experts to discuss new technologies, processes, efficiency and security. More information about Sibos can be found at: www.SWIFT.com