BCS takes a very flexible approach to collateral and margin trading
The following currencies can be held on account and will be assessed as collateral for trading all domestic Russian platforms
In addition, any assets held on the account will be assessed for margin trading. The columns is a simple discounted scheme, where margin assets are subject to a discount based on liquidity and volatility before being assessed as margin collateral.
Cash Equity: The core margin offset available is for DR vs local where there is sufficient liquidity and the DR program is open. FX: Driven by client demands we are now offering leverage and cross margining to trade FX on MoEx versus EBS and Reuters in London.
Index Arbitrage: Leverage and margin offset for the RTS Index Futures vs underlying basket of stocks — We have developed a service to offer extra leverage for arbitrage strategies between the RTS Index Futures and a correlated basket of stocks, which can be composed of Russian DRs and local stocks (MICEX Market).
Multi-Netting, Futures vs SPOT: This is our latest offering which allow us to reduce margin requirement for executed positions.
BCS is one of the most active members of the local Russian REPO market. Over $4 Billion of clients’ assets in custody provides for stable borrow and our deep and broad inventory allows us to offer aggressively priced stock loan supply.
The continuously evolving
nature of the global coronavirus situation has meant we at BCS Global Markets (BCS)
are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today
(Wednesday 18th March) employees from all divisions of the business based in our Russia, UK,
USA and Cyprus offices who can work from home without creating any even minor possible risk
for business continuity of the Group will be working remotely. It is very much business as usual at BCS.
Our employees are equipped with secure access to our systems and will follow their normal working hours,
keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19,
we want to also assure you that following a sustained period of positive performance, our capital
and liquidity position remains very strong. The business is well-placed to meet any subsequent financial
challenges and will continue to go above and beyond for our clients.