On January 16, 2017, Russian legal entities that are not credit institutions or by professional securities market participants, had the opportunity to go directly to the foreign exchange market as banks and brokerage firms.
The main advantages of entering the foreign exchange market is the high level of information transparency with the possibility of making deals at the best price, as well as the presence of a central counterparty, which functions executed by the Bank "National Clearing Center", which guarantees the fulfillment of obligations to bona fide participants and saves them from having to assess risks and set limits on each other.
Vice President - Chief Financial Officer "ALROSA" Igor Kulichik said: "Admission to the foreign exchange market will allow the" ALROSA "to increase the efficiency of transactions on purchase and sale of currency, provide an opportunity to minimize the cost of these transactions. Clearing and settlement services of the Exchange provide convenience and efficiency calculations. I think that the opportunity to enter the exchange platform will interest and other corporations. "
Managing Director for the cash and derivatives markets of the Moscow Stock Exchange Igor Marich said: "The Moscow market is constantly working to expand the product line and attracting new customers. The emergence of a new category of participants is consistent with global trends and will further increase the liquidity of trading, and by corporations - increase the efficiency of the conversion operations while minimizing the risks. At the moment, we are working with a number of large corporations that are interested in the admission to trading on the Moscow stock exchange currency market. "
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At a conference in Botswana capital Gaborone on the role of the diamond industry in Botswana's development, Endryu Boun (Andrew Bone), Executive Director responsible jewelry practices (Responsible Jewellery Council, RJC) of the Council, said that the pioneering work of Botswana in 2006, when it was chairman of the Kimberley process (KP), has allowed other African countries to bring their activities into compliance with the KP, according to Idex Online portal.
He praised the courage Botswana government, which turned out to be wished and able to take a leading role in maintaining the reputation of diamonds.
Bone said that "diamonds - a commodity, affecting the emotions, and so they need to be protected. Protection of diamond reputation is extremely important to achieve this goal. "
With regard to the Kimberley process, he also noted that the problem went beyond conflict diamonds theme. Although the Kimberley Process Certification Scheme managed quite successfully prevent the spread of conflict diamonds, there is a problem with the perception of diamonds, he said.
He recalled the long-known fact that diamonds - a rare commodity, stressing that "even if the diamonds - it is forever, the diamond mining, probably not."
He also noted that the diamonds grown in a lab represent a huge challenge for the industry. He stressed that they will not substitute for natural stone, and that these two categories should be considered two different products. The RJC, he said, wants to synthetic diamonds are properly declared, and the industry has acted responsibly on this issue.
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