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Rosseti, the Moscow Exchange and the National Settlement Depository have agreed on cooperation aimed to improve the efficiency of the company's treasury function

03.06.2021
Rosseti, the Moscow Exchange and the National Settlement Depository have agreed on cooperation aimed to improve the efficiency of the company's treasury function

Rosseti, the Moscow Exchange and the National Settlement Depository (NSD) have signed a trilateral agreement on strategic cooperation at the St. Petersburg International Economic Forum. Andrey Murov, First Deputy Director General and Executive Director of PJSC Rosseti, Yuri Denisov, Chairman of the Management Board of the Moscow Exchange, and Viktor Zhidkov, Chairman of the Management Board of NSD have attended the signing ceremony.

Within the framework of the memorandum, the parties expect to cooperate and create conditions for improving the efficiency of Rosseti's treasury operations by using financial instruments and technological services applied in exchange infrastructure, including an integrated solution powered by MOEX Treasury. This is a web interface that provides a single technological access to all financial instruments and services for corporate clients by the Exchange.

In addition, NSD's technologies will help form a reliable infrastructure for the prompt exchange of financial messages by connecting the service bureau of the Bank of Russia's financial messaging system to Transit 2.0.

"We are actively cooperating with the Moscow Exchange and NSD in many areas, and the signed memorandum will allow us to expand the list of the addressed tasks. Rosseti is one of the largest corporations in Russia, it has an extensive structure, interacts with a large number of counterparties, and implements large-scale projects throughout the country. Improving the treasury function efficiency through modern financial instruments and technologies is one of our top priorities," Andrey Murov said.

"The concept of the memorandum fits into the strategy of the Moscow Exchange on expanding cooperation with corporate clients and providing them with the direct access to exchange markets. We hope that the active use of exchange-traded financial instruments and the work within our MOEX Treasury terminal for corporate clients will allow Rosseti to effectively attract and place available funds due to direct access to the credit and deposit markets of the Moscow Exchange," Yuri Denisov commented.

"NSD welcomes the development of strategic partnership with PJSC Rosseti, one of the international leaders in the energy industry. As a key stakeholder in the Russian financial market, we are willing to provide the widest range of cross-industry services in finance and technology. We believe that our products - the service bureau of financial messaging system (FMS) and Transit 2.0 - will become the important components of the company's financial infrastructure," Viktor Zhidkov said.




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