MOEX FX MARKET DIRECT ACCESS

Transcription

1 MOEX FX MARKET DIRECT ACCESS

2 Raiffeisenbank offers wide opportunities Part of European banking group Raiffeisenbank AO is the Russian subsidiary of Raiffeisen Bank International AG Stable and reliable partner Raiffeisenbank AO (Fitch BBB- ; Moody s Ba2 ) one of the highest credit ratings in the Russian banking system; ranked 14 th among the Russian banks in terms of assets in 2016 Access to securities in multiple currencies RUB, USD, EUR, etc. securities are available for trading Access to internal FX liquidity Our electronic FX trading platform allows to execute orders with minimal market impact Dedicated Sales Team Instant support in onboarding and dayto-day trading by the Bank s Sales team All services under one roof Dealing, brokerage, custody and banking licenses contribute to the bank s rich liquidity and variety of services

3 MOEX Trading Terminal Internet Trading Platform (QUIK) FIX/TWIME/other protocols Care orders (Voice orders) Low-Latency solutions etc. for MOEX and OTC trading Single point of access to MOEX Access to all main MOEX markets via Raiffeisenbank: Bonds Equities FX Derivatives (FORTS) Leveraging on MOEX infrastructure Access to MOEX CCP market Smooth position management Settlement facilitation Flexible COT s Access to Russian and Global OTC market Bulk orders execution on OTC Russian Eurobonds ADRs, GDRs International Markets (Equities and Bonds) Flexibility in order accepting technology:

4 All PB/DMA and Banking Services are available Whole range of in-house Prime-Brokerage services coupled with ordinary banking services "under one roof" Robust technological infrastructure Brokerage services DMA and Care flow Servers are located in MOEX Co-location zone Custody services Extended Corporate Actions and Income receipt support Customized reporting and flexible COTs Tax services Funding services Foreign Exchange Cash management Point of Presence in London Datacenter (LD4) Co-location services are available Clients' servers can be placed in our server racks Dedicated line from London to Moscow for order routing purposes Sponsored Market Access option available Customized IT and reporting solutions

5 Agent Scheme SUGGESTED SOLUTION All MOEX markets available: Equities, Bonds, FX, Futures STEP 1 (Client) Brokerage/Agency Agreement STEP 2 Order fuding Client s brokerage account USD, RUB, securities STEP 1: Client signs directly with Raiffeisenbank AO a brokerage/agency agreement, Raiffeisenbank AO opens a brokerage account for the Client, the Client prefunds its brokerage account to be able to trade (according to MOEX prefunding requirements) and settle on value dates. Such prefunding can be also provided by Raiffeisenbank AO subject to a credit line establishment (Raiffeisen s loan to the Client). STEP 2: Client sends the order via FXALL and Raiffeisenbank AO executes the Client s order directly on MOEX via Client s brokerage account Comment: In case of Segregated accounts Risk on NCC (MOEX CCP)

6 ASSETS SAFETY SEGREGATED ACCOUNTS NO Credit Risk of the Broker Only MOEX NCC s (i.e. MOEX CCP) Credit Risk (MOEX CCP s ratings are in line with Russia s Country ratings) Assets safety guaranteed by MOEX Clients assets and collateral are fully segregated from the Broker s own assets and assets of its other clients and kept on separate accounts with NCC Option of assets and position transfer to another Broker in case of e.g. primary Broker s credit event Direct withdrawal of funds from MOEX to Clients accounts with any other Bank Client 1 (non segregated) Client 2 (non segregated) Client 3 (non segregated) BROKER Segregated Client

7 Trade Report Execution Report Trade Report DMA & SMA OPTIONS BOTH AVAILABLE Sponsored Market Access (SMA) Clients technically connects directly to the MOEX engine Client sends orders directly to MOEX lower latency Pre-trade checks are executed by MOEX only Client receives trade confirmations from MOEX directly and brokerage reports from the Broker Suggested Option Order Broker connection should be active SMA - CLIENT Instruction SMA MATCHING Broker Execution Report Direct Market Access (DMA) Client technically connects to the Broker s Trading system Client sends orders through the Broker to MOEX Pre-trade checks are executed by the Broker and by MOEX Client receives trade confirmations and brokerage reports from the Broker only DMA - CLIENT Instruction Broker Order MATCHING

8 Principal to Principal Only MOEX Securities market available (Client) STEP 1 STEP 2 prefunding Order USD or RUB STEP 1: Client trades with Raiffeisen in FXALL on a counterparty basis STEP 2: Raiffeisen executes the Client s order directly on MOEX via its setup (back to back) Comment: Risk on Raiffeisenbank AO

9 24/5 top-notch own efx solution Leading global provider in efx RUB liquidity Thomson Reuters: "Best Russian FXALL electronic FX liquidity provider" 2017 Moscow International Currency Association: "Best 2016 FX Desk in Russia - 2nd place Bloomberg: "Best FX Sales Team" 2015 Minimal market impact Own algos allow to execute large sizes with almost no market impact efx e Pure liquidity More than 85% of flow is internalized Own narrow internal pricing Diverse client flow Large banks & corporates, HFT, toxic flow Holding position in almost all cases Deals Spot and Swap Value dates TOD, TOM, SPOT All main currencies Strong RUB and G10 expertise T No fees no commissions no marginal requirements Streaming hours Placement and execution of orders in 24/5 mode High order execution ratio Reject ratio < 0.5% for Full Amount flow Variety of ways to connect: Raiffeisen efx platform R-Trader and all major ECNs

10 AO RAIFFEISENBANK: KEY FACTS Stable and reliable global partner Capital adequacy ratio Basel requirement Bank of Russia s N1.1 ratio 1 Bank of Russia s N1.2 ratio % Minimum regulatory 10.5% requirement of 8.0% Minimum regulatory requirement of 4.5% 11.3% Minimum regulatory requirement of 6% Substantial liquidity cushion High profitability and operating efficiency Liquidity ratio N % (regulatory minimum 50%) Share of liquid assets ROE before tax Cost-to-income ratio 30.9% 33.2% In top-15 banks by major financial indicators * 39.4% Rank by retail liabilities 14 Rank by ROA (after tax, among top-15 largest banks) 1

11 AO RAIFFEISENBANK: KEY FACTS Stable and reliable global partner 100% Russian subsidiary of the Austrian RBI Group (BBB / Baa2) Capital adequacy ratio Basel requirement Bank of Russia s N1.1 ratio 1 Bank of Russia s N1.2 ratio % Minimum regulatory 10.5% requirement of 8.0% Minimum regulatory requirement of 4.5% 11.3% Minimum regulatory requirement of 6% Substantial liquidity cushion High profitability and operating efficiency Liquidity ratio N % (regulatory minimum 50%) Share of liquid assets ROE before tax Cost-to-income ratio 30.9% 33.2% In top-15 banks by major financial indicators * 39.4% Rank by assets 10 All data as of Rank by retail liabilities 14 Rank by ROA (after tax, among top-15 largest banks) 1

12 AO RAIFFEISENBANK: Structure In top-15 banks by major financial indicators * 39.4% All data as of

13 How to become our client? Code RZBM - sales@raiffeisen.ru Contact our DMA/Prime brokerage and Sales desk: Anton Kenyaykin +7 (495) Konstantin Khabliev +7 (495) Veronika Chistotinova +7 (495) Aleksandr Khristoforov +7 (495) Aleksandr Zaytsev +7 (495) Roman Zavalyuev +7 (495)

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