MoEx Expands Range of Instruments for BoR and Interdealer Repo
OREANDA-NEWS. Moscow Exchange will offer repo transactions with the Bank of Russia (in trading modes 'repo with the Bank of Russia: repo auction' and 'repo with the Bank of Russia: fixed rate') and interdealer repo transactions (in trading mode 'repo with bonds'), in addition to 10 Eurobonds from the Bank of Russia's Lombard list from 14 August 2014.
Ninety seven Eurobond issues from the Lombard list have been admitted to repo with the Bank of Russia (in trading modes 'repo with the Bank of Russia: repo auction' and 'repo with the Bank of Russia: fixed rate') since 13 May 2014. They have also been admitted to interdealer repo ('repo with bonds') since 26 June 2014. An additional 19 Eurobond issues were admitted to these modes on 18 July 2014.
This increases the total number of Eurobond issues available for repo with the Bank of Russia and interdealer repo to 120.
The Money Market is large and developing rapidly, with a trading volume in excess of RUB 117 trillion year-to-date. Six stocks of non-Russian issuers and 31 Depositary Receipt issues were admitted to interdealer repo this spring. The daily volume of repo transactions with a central counterparty ("CCP") reached a record RUB 129.3 billion on 30 June. Trading hours for repo with a CCP have been extended until 19:00 MSK as of 9 June 2014. The trading volume on this market reached a record high in July 2014 of RUR 2.2 trillion, an increase of 16% from the previous month and up from RUB 256 billion in July 2013; the average daily trading volume in July was RUB 96.2 billion.
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