Moscow Exchange has launched a new service for credit institutions and banks
Moscow Exchange has expanded its list of services. Now members of the site can carry out activities in a new segment – the credit market. The first deal has already been concluded.
New opportunities on the exchange appeared due to interest on the part of its members. They wanted to expand the options for doing business. This functionality works on a bilateral basis, excluding participation of the central counterparty. While carrying out operations on the credit market, participants can draw on funds from banks. At the same time credit organizations have an opportunity to place capital or attract capital. So far 13 participants are eligible to operate in this segment, including investment companies, credit institutions as well as corporate clients.
Two banks took part in the first transaction, it was for 7 days and was concluded for 250 million rubles.
Experts note that the credit market is a promising segment, and its development in Russia is extremely important for strengthening the position of the trading platform. In addition, many commercial banks expressed interest in operating in this format.
Representatives of Moscow Exchange noted that in the future they are planning to increase not only transactions between banks, but also to attract in this segment of the corporate clients for interaction with credit organizations. Thus, it is possible to obtain financing at market rates for a short period of time. As for the Russian stock market, the dynamics are rather unstable. Local indices react sharply to external factors, which is aggravated by internal problems. So far, experts are optimistic about oil prices, which have been declining for a certain period and now show an upward trend. There is a decrease in U.S. government bond yields, which contributes to positive trends on exchanges around the world, not only in Russia. At the same time a couple of days ago U.S. bonds were steadily growing, forcing a large number of sales of risky assets.
Experts are cautious in their inflation estimates. Concerns are also caused by the rise in prices of raw materials, including non-ferrous metals, as well as crops. For now, everyone is waiting how the revision of Fed’s policy will affect the global market in the direction of tightening. It is possible that stock exchanges will experience a correction in the future, most likely a short-term one.
The Moscow Stock Exchange Index is moving steadily upward, but they are too sensitive to external factors, which could lead to fluctuations. However, while oil is rising in price, the Russian market is growing along with the prices of raw materials. At the same time, we should not forget that demand for raw materials is rather unstable, and any fluctuation weakens the national currency.