Moscow Exchange to accept international stocks as collateral
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Moscow Exchange to accept international stocks as collateral 21 September 2021Russia Reporter: Carmella Haswell
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National Clearing Centre (NCC), part of the Moscow Exchange Group, will accept securities of international companies as collateral for trades made on Moscow Exchange markets.
The move will allow professional market participants and their clients more flexibility in funding their operations on MOEX and will help facilitate their trading activity.
The firm has listed 18 international stocks including Microsoft Corporation, Cisco Systems and Intel Corporation, that will be accepted as collateral, with the list set to expand in the future.
Earlier this month, NCC was granted the status of Qualified Derivatives Dealer (QDD) by the United States Internal Revenue Service (IRS). This status allows Moscow Exchange to facilitate trading in US securities for banks and brokers, as well as on the Money Market.
Professional traders will be able to make better use of the margin trading mechanism on MOEX’s equity market for their retail clients.
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