Moscow Exchange Financial Growth Presentation
Depository and Settlement Services
3Q
2020
20%
Assets on deposit (average for the period)
RUB trn
Other
OFZ
Equities
Corporate and regional
bonds
+12.1%
Fee & commission income breakdown
3Q 2020
Collateral management services
4.7%
3%
Clearing
9.0%
8%
Book-entry transfers
8.3%
22%
Safekeeping
Depository transactions and clearing services
Services for issuers
Settlement and cash services
53.8
48.0
50.6
51.3
51.4
14%
14%
16%
16%
15%
43%
41%
40%
39%
43%
18%
17%
18%
19%
20%
Other
25%
26%
27%
26%
25%
3Q 2019 4Q 2019 1Q 2020
2Q 2020 3Q 2020
67%
Fee & commission income
RUB mln
+25.6%
1,634
1,426
1,474
1,301
1,394
4Q 2019 1Q 2020 2Q 2020 3Q 2020
3Q 2019
ā
MOSCOW
EXCHANGE
Source: Moscow Exchange
Comments
F&C income added 25.6% YoY; average assets on deposit
increased by 12.1% YoY.
The YoY growth in assets on deposit was registered across all
asset classes: federal government bonds were up 25.4% YoY,
corporate and regional bonds were up 12.4% YoY, equities
were up 4.0% YoY.
F&C income growth compared to 3Q'19 was driven mainly by
safekeeping, depository transactions and clearing services.
The discrepancy between growth rates of F&C income and
assets on deposit is the result of business lines beyond
safekeeping, primarily clearing and collateral management
services.
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