Translation. Region: Russian Federal
Source: Moscow Exchange – Moscow Exchange –
Ingosstrakh Investments Management Company was the first among management companies to gain direct access to the standardized derivative financial instruments (SDFI) market of the Moscow Exchange and successfully concluded a deal with interest rate swaps.
The interest rate swaps market provides management companies with modern instruments for hedging interest rate risks and optimizing investment strategies, which is especially important in the context of high volatility of financial markets. The use of interest rate swaps allows for more flexible work with long-term obligations and increases the efficiency of investment portfolio management.
Roman Loktionov, Director of OTC Derivatives at Moscow Exchange:
“The entry of management companies into the SPFI market confirms the growing interest of the financial industry in market risk management instruments and contributes to the development of a risk management culture in the Russian market. I am confident that the successful experience of Ingosstrakh Investments Management Company will become an example for other participants, and SPFI market instruments will take an important place in their arsenal.”
Roman Semenikhin, CEO of Ingosstrakh Investments Management Company:
“Opening direct access to the SFI market is a significant stage in the development of both our company and the Russian market as a whole. Interest rate swaps open up new opportunities for minimizing risks and increasing asset returns.
We plan to actively use this tool in management strategies, providing maximum reliability and transparency of operations for our clients.”
Earlier, in the summer of 2024, non-state pension funds (NPF) and insurance companies received access to the SPF market.
Interest rate swaps, currency swaps, currency-interest rate swaps, currency forwards with a maturity of three days to 10 years depending on the type of instrument are traded on the Moscow Exchange’s DFS market. Transactions on the DFS market are concluded with a central counterparty. This eliminates the need for market participants to assess the risks of each counterparty and sign general agreements with all of them, reduces capital costs and takes advantage of unified clearing and collateral with other Moscow Exchange markets.
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