Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
Placement of OFZ by the Ministry of Finance

OFZ by the Ministry of Finance will be listed on the St. Petersburg Stock Exchange

09.02.2021
2 min read

Placement of OFZ by the Ministry of Finance: why was SPCEX chosen?

In order to develop the country’s financial markets, officials have offered to place OFZ by the Ministry of Finance on the St. Petersburg Currency Exchange, which is the basis for the listing of companies that are on the sanctions list. According to a number of experts, this innovation will make it possible to implement strategic goals for strengthening the economy. Federal loan bonds placed here will be fully identical to the securities offered by the Moscow Stock Exchange.
Such use of the trading floor in St. Petersburg will give an opportunity to create a competitive environment in this sector of the market, thanks to which it will develop. The authors of the project are confident that new opportunities for companies will open up, and the exchanges will have to improve their technologies.
SPCEX is actively preparing for the launch of OFZ placement, and the Bank of Russia bonds will also be presented there. Several companies have offered to exchange their variants of a special system for trading, among which one contractor was chosen, after which the development of an IT platform and functionality for operations with OFZ and the Bank of Russia bonds were started.
Testing of the program began at the beginning of this month, but the Ministry of Finance did not provide information when trading in these securities began. While OFZs can be bought on the stock exchange in Moscow, and in St. Petersburg they conclude direct repo transactions with the Central Bank, hold auctions. Through the platform it is also possible to place money for deposits in financial institutions, which have the necessary authority to do so. The latter include the Pension Fund, Federal Treasury and others.

Placement of OFZ by the Ministry of Finance

At the end of last year, shares of the RNSB were traded on SPCEX, which is registered in Crimea and is under sanctions. In spring 2020, Comcora bonds were placed on the site, which is part of the Akado holding company that provides telecommunications services. The Corporation belongs to the Renova Group, the owner of which is on the sanctions lists.
To enable such companies to trade, it was decided to modify the St. Petersburg Exchange to make it as accessible as possible for this category of participants. The main shareholders of the organization are RNKB bank and Promsvyazbank. They are now actively purchasing the exchange’s securities from other shareholders in order to take control of the controlling stake.
The stock exchange opened in St. Petersburg in 1997, and a year later it was included in the list of trading floors authorized by the government to conduct trading operations with Gazprom Corporation. Since 2014, securities of foreign companies have been placed on the stock exchange. Transactions are closed in accordance with the Russian law and the currency of settlement is the dollar. By 2019, about 1 thousand shares of foreign companies are listed on the exchange.

Share
0
Previous Post Sberbank experts: behavior of the ruble indicates positive prospects Next Post Polish corporation PGNiG invests in alternative energy industry

You Might Also Like

The best stock exchanges in the world
World exchanges
Best stock exchanges in the world: India’s oldest stock exchange
04.07.2020
Indian stock exchange
World exchanges
National Stock Exchange of India: an inside look
04.06.2020
Saudi Aramco
World exchanges
Saudi Aramco goes on the stock exchange
22.09.2020
Rise in gold prices
World exchanges
Rise in gold prices: reasons for increased interest in the metal
11.05.2020
Nasdaq Inc
World exchanges
Nasdaq Inc has tightened its public offering rules for foreign companies
20.01.2021
foreign shares trading
World exchanges
Moscow Exchange launches trading in foreign shares of companies from S&P 500 index
19.02.2021

Recent Posts

  • 1Wendy Deng
    Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
    25.02.2021
  • 2PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021
  • 3Evraz plc
    S&P Global Ratings analysts downgraded rating for Evraz plc
    23.02.2021
  • 4Anti-Martingale
    Anti-Martingale strategy and its implementation in the Forex market
    22.02.2021
  • 5oil exports to China
    Oil exports to China increasing: reasons for the growth in volumes
    21.02.2021

Popular Posts

  • Economies of the Baltic States: main factors affecting their development 0
  • How countries with different economies live: overview of Germany 0
  • Oil quotes: forecast from Swiss bank Julius Baer 0
  • Brand valuation of different countries: rating review 0

Social

Editor's Picks

Chaslau Koniukh

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

China's economic recovery
How China’s economic recovery is going: a review of the processes
26.02.2021
Wendy Deng
Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
25.02.2021
PNC Financial Services Group
Financial Corporation PNC Financial Services Group
24.02.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1China's economic recovery
    How China’s economic recovery is going: a review of the processes
    26.02.2021
  • 2Wendy Deng
    Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
    25.02.2021
  • 3PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize