Moscow Exchange adds features to repo with CCP
05 March 2019 Moscow
Image: Shutterstock
Moscow Exchange will offer Chinese Yuan as a settlement currency for overnight repos with the central counterparty (CCP), effective 4 March.
Previously, market participants could settle CCP-cleared repo transactions in RUB, USD and EUR.
In addition, federal loan bonds (OFZs) will be made available for order book CCP-cleared repos with maturities of one month and three months. Prior to the update, the maximum maturity was one week.
According to the Moscow Exchange, the new instruments will encourage growth of the CCP repo market and boost liquidity.
Previously, market participants could settle CCP-cleared repo transactions in RUB, USD and EUR.
In addition, federal loan bonds (OFZs) will be made available for order book CCP-cleared repos with maturities of one month and three months. Prior to the update, the maximum maturity was one week.
According to the Moscow Exchange, the new instruments will encourage growth of the CCP repo market and boost liquidity.
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