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NSMA carried out a seminar Repo potential in assets refinancing, organized for top-managers


On April 3, 2009 in the frame of the NSMA School of Investment Banker there was held a seminar Repo potential in assets refinancing, where A.Yu. Sadikova, Head of NSMA Legal Department, reported about Legal basis for Repo operations. The report thoroughly examined the NSMA modifications of the Repo contracts:
- NSMA Basic Agreement for OTC Repo operations: General Agreement about general conditions of carrying out Repo operations in the securities market;
- NSMA Agreement for direct Repos with the Bank of Russia: General Agreement about general conditions of direct Repos of the Bank of Russia and a credit organization at MICEX stock exchange;
- NSMA Agreement for stock exchange Repos: General Agreement about settlement of mutual requirements in case of non-execution of obligations under Repo deals, concluded in ZAO MICEX Stock Exchange.

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