Admitting Traders to Direct Over-the-Counter REPO Trading against the Bank of Russia

For a Trader to receive information services for direct over-the-counter REPO trading against the Bank of Russia, the following must be done:

A) Conclude with the Bank of Russia:

1) The contract for direct over-the-counter REPO operations in the Russian Federation’s domestic over-the-counter market. To conclude said contract, a Trader must provide the Bank of Russia with the following information:

• the list of persons authorized to make direct over-the-counter REPO trades;
• the open electronic signature certificates of those authorized persons;
• the Bank ID Code;
• the NDC depository code;
• the NDC custody account code;
• the custody account section number;
• the SWIFT-BIC;
• the MICEX Settlement House bank account;
• the corresponding account with the Bank of Russia for depositing remaining funds after the sale of the securities in case the second part of the direct over-the-counter REPO trade is not performed;
• contact numbers.

2) The supplementary agreement to the corresponding account / sub-account contract authorizing the Bank of Russia to collect penalties and/or residual obligations from the funds in the credit organization’s corresponding account / sub-account with a Bank of Russia settlement unit in case of the organization’s failure to fulfill its obligations on direct over-the-counter REPO trades.

Contacts at the Bank of Russia:

• The Bank of Russia’s Department of Financial Market Monitoring and Support: 12 Neglinnaya ul., 107016 Moscow, tel.: +7 495 771–4259;
• The Bank of Russia’s Moscow Main Territorial Administration tel.: +7 495 950–0834, 959–36–72, 747–1051, 747–1059;
• The Bank of Russia’s Main Territorial Administration where the credit organization’s corresponding account was opened.

B) Conclude with MICEX:

1. The Contract for Participating in the Bank of Russia Direct Over-the-Counter REPO Trading Information Support System

and deliver under said contract the power of attorney in the name of the Operator to MICEX;

2. The supplementary agreement to the Contract on Providing Technological Access to the ZAO MICEX Software and Hardware Complex that provides the trader with technological access to the Information Delivery and Collection Support System for Direct REPO Trading in the Over-the-Counter Market (a sub-system of the SHC);

Contacts at MICEX:
Administrative Support Office, the ZAO MICEX Department of Government-Backed Securities and Money Market Instruments: +7 (495) 363–32-32

C) The National Depository Center Customer Service Department, tel.: +7 495 956–2789, and the MICEX Settlement House Department of Corresponding Accounts and Settlements, tel.: +7 495 745–8109, +7 495 705–9626