Naked Access for Corporates

Protection of the Client's Assets

A segregated client

A client of a Clearing firm which has the opportunity to transfer obligations and collateral to another Clearing firm.

The base clearing firm

He Clearing firm (BROKER) from which the NCC transfers collateral and obligations.

The recipient clearing firm

The Clearing firm to which the NCC transfers collateral and obligations.

For which entities

Non-residents (foreign brokers, funds), major resident clients, non-financial companies, sub-brokers, etc.

Service for Clients

  • Sensitive to the Russian broker credit risk;
  • Not satisfying the МОЕХ qualification criteria (capital - RUB 1 bn/ at least 2 employees with experience in transaction execution / a qualification certificate).

What is necessary for asset protection

  • Opening of a segregated Trading and Clearing Account and a Settlement Code
  • Registration of the segregated client in the NCC and NSD

A separate Trading and Clearing Account (TCA) is opened by the broker in the Securities Market;
The Settlement Code (SC) – in the FX Market;
A Segregated Brokerage Company - in the Derivatives Market.

Placement of Free Liquidity at MOEX

  • Direct access to the Exchange order book or via a Trader
  • A possibility to choose the instrument with the highest yield for placement
  • The Exchange fee is included into the brokerage fee
  • A possibility of automatic placement of ruble balances in the Money and FX markets
  • Trading from a segregated account is possible
Competitive advantages of BCS Global Markets
Reliable
  • All transactions are regulated by Public Joint Stock Company (PJSC) Moscow Exchange and the Bank of Russia.
Profitable
  • Cash withdrawal in rubles - free
  • Minimum transaction costs:
  • RUB 177 per month – the depositary costs;
  • RUB 118 per transaction - off-exchange repo.
Rapid Withdrawal
  • Cash withdrawal from the brokerage account on the day of submission of the order: orders are accepted from 8:00 to 17:30
  • Withdrawal with the first batch
Convenient
  • Execution of transactions and account control via the Quickly Updateable Information Kit (QUIK) trading terminal.
  • Submission of orders and receipt of reports via the system BCS Online.

FX Exchange in the MOEX FX Market

  • Direct access to currency purchase/sale: USD/RUB, EUR/RUB, CNY/RUB, GBP/USD, CHF/RUB, HKD/RUB, KZT/RUB
  • Direct access to currency purchase/sale: USD/RUB, EUR/RUB, CNY/RUB, GBP/USD, CHF/RUB, HKD/RUB, KZT/RUB
  • FX transactions from 10:00 to 23:50 with various value dates: Т0 (TOD), Т+1(TOM), Т+2(SPT)
Competitive advantages of BCS Global Markets
Reliable
  • All transactions are regulated by PJSC Moscow Exchange and the Bank of Russia.
Profitable
  • A minimum foreign exchange spread
  • A transparent brokerage commission
  • Withdrawal to the account in BCS Bank – free
Convenient
  • Execution of transactions and account control via the QUIK trading terminal
  • Submission of orders and receipt of reports via the system BCS Online
  • Liquidity management within all brokerage accounts (a single collateral pool)
Margin Trading
  • Use of BCS borrowings for currency purchase in the proportion of borrowed/own funds 7:1
  • Credit limit transactions
Rapid Withdrawal
  • Cash withdrawal from the brokerage account on the day of the order submission: orders are accepted from 8:00 to 17:30
  • Withdrawal of currency immediately after transaction execution before the end of the settlements at the Exchange
  • If there is a credit limit:
  • A rate with a zero-account balance can be fixed (intraday credit)
  • Т+2 transaction settlement is possible.