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Moscow Exchange, NSD and Rosseti Have Signed a Memorandum of Strategic Cooperation


On 3 June 2021, during the St. Petersburg International Economic Forum (SPIEF 2021), Moscow Exchange, National Settlement Depository (NSD), and Rosseti signed a trilateral Memorandum of Strategic Cooperation.

The Memorandum was formally signed by Yury Denisov, Chairman of the Executive Board and CEO of Moscow Exchange, Viktor Zhidkov, Chairman of NSD’s Executive Board, and Andrey Murov, First Deputy Director General and Executive Director of Rosseti.

Under the Memorandum, the parties will work together to establish an environment required to improve the effectiveness of Rosseti’s treasury operations through the use of financial instruments and IT services being part of the Moscow Exchange infrastructure, including a MOEX Treasury-based integrated solution. In addition, NSD’s technologies will help Rosseti put in place a robust infrastructure for quick financial messaging thanks to the Transit 2.0 platform and NSD’s services as Service Bureau of the Bank of Russia’s Financial Messaging System (SPFS Service Bureau).

Yury Denisov, Chairman of the Executive Board and CEO, Moscow Exchange:

“The memorandum concept fits well into the Moscow Exchange’s strategy to expand cooperation with corporate clients and to provide them with direct access to the exchange markets. We hope that thanks to using on-exchange financial instruments and the MOEX Treasury solution, our terminal for corporate clients, Rosseti will be able to efficiently raise and offer liquidity by having direct access to the loan and deposit markets operated by Moscow Exchange."

Viktor Zhidkov, Chairman of NSD’s Executive Board:

“NSD welcomes development of strategic partnership with Rosseti, one of the world’s leaders in the energy industry. As a key player in the Russian financial market, we are prepared to offer a wide range of services across finance and IT. We are certain that our products, the SPFS Service Bureau and Transit 2.0, will be significant components of Rosseti’s financial infrastructure.”

Andrey Murov, First Deputy Director General and Executive Director, Rosseti:

“We have been intensively cooperating with Moscow Exchange and NSD in many areas, and the Memorandum we have just signed will allow us to expand the list of tasks we are dealing with. Rosseti is one of the largest corporations in Russia with a multi-divisional structure, many counterparties, and large-scale projects run across the country. One of our priorities is to improve the effectiveness of our treasury function through the use of advanced financial instruments and technologies.”

Moscow Exchange Group operates the only multifunctional exchange platform in Russia for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. Apart from Moscow Exchange, the Group includes the central securities depository (National Settlement Depository) and a clearing house (Central Counterparty National Clearing Centre) acting as central counterparty in the markets, which enables Moscow Exchange to provide clients with the full range of trading and post-trading services. On 15 February 2013, Moscow Exchange offered its shares in an initial public offering on its own platform (ticker: MOEX).

National Settlement Depository, a member of the Moscow Exchange Group, has the central securities depository status. NSD was incorporated on 27 June 1996. In 2020, the total price of assets held in custody at NSD reached RUB 63.6 trillion. NSD is recognized by the Bank of Russia as systemically important settlement depository and systemically important trade repository. The NSD Payment System has the status of systemically and nationally important payment system. NSD offers a wide range of services, including depository services, bank account (payment) services, registration of OTC trades (Trade Repository services), information services, collateral management services, and IT services.

Rosseti, Public Joint Stock Company (PJSC ROSSETI) is an operator of energy grids in Russia and one of the largest electric companies in the world. The company operates across 80 Russian regions and maintains 2.40 million km of power transmission lines and 528,000 substations with transformer capacity of more than 809 GW. In 2020, net power supply to consumers amounted to 734.1 billion kWh. The number of employees of the Rosseti Group of Companies is 216,500.  The asset portfolio of Rosseti includes 35 subsidiaries and affiliates, including 15 interregional network companies and a main network company. The controlling shareholder of the company is the state represented by the Federal Agency for State Property Management of the Russian Federation, which owns 88.04% of the share capital. The company is headed by Andrey Ryumin, Director General and Chairman of the Management Board.

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